Question
The list includes all balance sheet accounts related to cash from operating activities. Case X Case Y Case Z Net income $ 4,400 $ 110,000
The list includes all balance sheet accounts related to cash from operating activities.
| Case X | Case Y | Case Z | |||||||
| Net income | $ | 4,400 | $ | 110,000 | $ | 79,200 | |||
| Depreciation expense | 33,000 | 8,800 | 26,400 | ||||||
| Accounts receivable increase (decrease) | 44,000 | 22,000 | (4,400 | ) | |||||
| Inventory increase (decrease) | (22,000 | ) | (11,000 | ) | 11,000 | ||||
| Accounts payable increase (decrease) | 26,400 | (24,200 | ) | 15,400 | |||||
| Accrued liabilities increase (decrease) | (48,400 | ) | 13,200 | (8,800 | ) | ||||
For each of the above separate cases X, Y, and Z, compute cash flows from operations using the indirect method. (Amounts to be deducted should be indicated by a minus sign.)
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Accounting Principles Volume 1 And Volume 2
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
9th Canadian Edition
1119786649, 978-1119786641
