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.)

Cash Flows from Operating Activities (Indirect)
	Case X	Case Y	Case Z
Net Income	$4,400	$110,000	$79,200
Adjustments to reconcile net income to net cash provided by operations:
Depreciationselected answer correct	33,000selected answer correct	8,800selected answer correct	26,400selected answer correct
Accounts receivableselected answer correct	44,000selected answer incorrect	22,000selected answer incorrect	4,400selected answer correct
Inventoriesselected answer correct	22,000selected answer correct	11,000selected answer correct	11,000selected answer incorrect
Accounts payableselected answer correct	26,400selected answer correct	24,200selected answer incorrect	15,400selected answer correct
Accrued liabilitiesselected answer correct	48,400selected answer incorrect	13,200selected answer correct	8,800selected answer incorrect
Cash provided by (used for) operating activitiesselected answer correct	$178,200	$189,200	$145,200