Prepare a schedule of net cash provided by operating activities. x 5. - Prepare the Operating Activities Section of a Statement of Cash Flows using the Indirect... ? FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In X Calibri - 11AA % Paste BIU- > Editing Alignment Number Conditional Formal as Cell Formatting - Table - Styles Styles Clipboard Font A1 The following information is for FloorCo, Inc. for the year just ended: y A F G H End of year 140,000 B D E 1 The following information is for FloorCo, Inc. for the year just ended: 2 3 Beginning of 4 year 5 Current assets: 6 Cash $ 75,000 $ 90,000 7 Accounts receivable 158,000 8 o Inventory 285,000 246,000 9 Prepaid expenses 11,000 16,000 10 11 Current liabilities 12 Accounts payable 284,000 302,000 13 Accrued liabiities 9,500 11,200 14 Income taxes payable 27,000 24,000 15 16 Net income $ 94,500 17 18 Accumulated depreciation 19 total credits $ 45,000 20 21 Floor Company did not record any gains or losses during the year. Prepare a schedule of net cash provided by operating activities. X 5 X Prepare the Operating Activities Section of a Statement of Cash Flows using the Indirect... ? INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW FILE HOME Sign In Calibri Paste BIU- - 11-AA % A Alignment Number Conditional Format as Cell Cells Editing Formatting Table - Styles Font Styles The following information is for FloorCo, Inc. for the year just ended: Clipboard A1 B E F G H D 19 total credits $ 45,000 20 21 Floor Company did not record any gains or losses during the year. 22 23 Prepare a schedule of net cash provided by operating activities. 24 25 FloorCo, Inc. 26 Operating Activities Section of the Statement of Cash Flows 27 28 Net income 29 Adjustments to reconcile net income to net cash provided by operations: 30 Depreciation 31 Increase in accounts receivable 32 Increase in inventory 33 Decrease in prepaid expenses 34 Decrease in accounts payable 35 Decrease in accrued liabilities 36 Increase in income taxes payable 37 Net cash provided by operating activities 38 39 40 41
