Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Os 12-3 Indirect: Computing cash flows from operations LO P2 The list includes all balance sheet accounts related to cash from operating activities Case X

image text in transcribed
Os 12-3 Indirect: Computing cash flows from operations LO P2 The list includes all balance sheet accounts related to cash from operating activities Case X Case Y Case Z $ 4,000 $10e, 660 $72,000 8, 000 24,800 Net income Depreciation expense Accounts receivable increase (decrease) Inventory increase (decrease) Accounts payable increase (decrease) Accrued liabilities increase (decrease) 30, 000 40, 000 (4, 000) 20,000 (20,000) (10,000) 10,000 (44,00) 12,00 (8,000) For each of the above separate cases X, Y, and Z, compute cosh flows from operations using the indirect method. (Amounts to be deducted should be Indicated by a minus sign.) Flows from Operating Activities (Indirect) Case Y Case X Case Z 4,000 100000 72,000 Net income Adjustments to reconcile net income to net cash provided by operations

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

Who should be involved?

Answered: 1 week ago

Question

define the term outplacement

Answered: 1 week ago

Question

describe the services that an outplacement consultancy may provide.

Answered: 1 week ago