Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The current section of Yawn Ltd's statement of financial position at 30 June 2016 is presented below. 2016 2015 $ $ Current assets Cash 105,300

The current section of Yawn Ltd's statement of financial position at 30 June 2016 is presented below.
2016 2015
$ $
Current assets
Cash 105,300 97,200
Accounts receivable 121,200 91,500
Inventory 163,700 190,700
Prepaid expenses 27,300 22,400
Total current assets 417,500 401,800
Current liabilities
Accounts payable 83,100 89,900
Accrued expenses payable 14,600 4,900
Total current liabilities 97,700 94,800
Other information 1. Profit for the year ended 30 June 2016 was $148,600.
2. Depreciation expense was $19,100.
Required
Prepare the net cash provided by the operating activities section of Yawn's statement of cash flows
for the year ending 30 June 2016, using the indirect method.

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

Introduction To Managerial Accounting

Authors: Peter Brewer, Ray Garrison, Eric Noreen

4th Edition

0073379352, 9780073379357

More Books

Students also viewed these Accounting questions

Question

Have a brief review of human motivation theories

Answered: 1 week ago