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Selected accounts from the SFP of Tabby Limited at 31 December 20X7 and 20X6 are presented below. Tabby reported earnings of $88,100 in 20X7, and
Selected accounts from the SFP of Tabby Limited at 31 December 20X7 and 20X6 are presented below. Tabby reported earnings of $88,100 in 20X7, and depreciation expense was $14,000. As at 31 December Prepaid insurance Inventory Rent payable Pension liability 20X7 20X6 $2,800 $11,200 50,400 47,600 1,400 3,700 42,900 34,200 Required: Calculate cash from operating activities for 20x7. What is the total cash generated from all items on the income statement? What is the cash generated or used from the change in prepaid insurance? What is the cash generated or used from the change in inventories? Choose... $(8,400) $(8,700) $2,300 $8,400 $102,100 $8,700 $88,100 $2,800 $(2,300) What is the cash generated or used from the change in rent payable? What is the cash generated or used from the change in pension liability
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