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The accounting records of East Coast Distributors, Inc, reveal the following: ( Click the icon to view the data table. ) Required Compute cash flows
The accounting records of East Coast Distributors, Inc, reveal the following:
Click the icon to view the data table.
Required
Compute cash flows from operating activities by the indirect method. Also evaluate the operating cash flow of East Coas
Data table
Begin by completing the cash flows from operating activities. Round your answers to the nearest whole number. Us
tableCash flows from operating activities:Net income,,Adjustments to reconcile net income tonet cash provided by used for operating activities:DepreciationGain on sale of land,Decrease in current liabilities,Increase in current assets other than cash,INet cash provided by used for operating activities,,
tableNet income.,$ Depreciation,$Collection of dividend revenue, Decrease in current liabilities,,Payment of interest, Increase in current assets,,Sales revenue, other than cash,,Gain on sale of land, Payment of dividends,,Acquisition of land, Payment of income tax,,
Evaluate the operating cash flow of East Coast Distributors. Give the reason for your evaluation.
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