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Net Income for A company is $100,000. The company had $14,000 in depreciation expense, a loss on the sale of Equipment of $1,000, an increase
Net Income for A company is $100,000. The company had
$14,000 in depreciation expense,
a loss on the sale of Equipment of $1,000,
an increase in accounts payable of $7,000,
a decrease in accounts receivable of $5,000,
an increase in inventory of $6,000, and
a decrease in unearned revenue of $2,000.
Fill out the Cash Flow Statement below. Note that $XX represents an addition an ($XX) represents a subtraction.
A Company | |
Cash Flow Statement | |
Cash Flow from Operating Activities | |
Net Income | [ Select ] ["($100,000)", "$100,000"] |
Depreciation Expense | [ Select ] ["$14,000", "($14,000)"] |
Gain/Loss on Sale of Assets | [ Select ] ["$1,000", "($1,000)"] |
Increase in Accounts Payable | [ Select ] ["($7,000)", "$7,000"] |
Decrease in Unearned Revenue | [ Select ] ["$2,000", "($2,000)"] |
Decrease in Accounts Receivable | [ Select ] ["($5,000)", "$5,000"] |
Increase in Inventory | [ Select ] ["$6,000", "($6,000)"] |
Net Increase/Decrease from Operating Activities | [ Select ] ["$119,000", "$96,000", "$91,000", "$111,000", "$89,000"] |
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