Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The three independent cases that follow include all balance sheet accounts related to operating activities. Case A Case B Case C Net income $ 316,000

The three independent cases that follow include all balance sheet accounts related to operating activities.

Case A

Case B

Case C

Net income

$ 316,000

$ 18,000

$ 426,000

Depreciation expense

46,000

156,000

86,000

Accounts receivable increase (decrease)

112,000

(206,000)

(26,000)

Inventory increase (decrease)

(56,000)

41,000

56,000

Accounts payable increase (decrease)

(56,000)

126,000

76,000

Accrued liabilities increase (decrease)

66,000

(226,000)

(46,000)

image text in transcribed
The three independent cases that follow include all balance sheet accounts related to operating activities. Case A Case B Case C Net income $ 316,000 $ 18,000 $ 426,000 Depreciation expense 46,000 156,000 86,000 Accounts receivable increase (decrease) 112,000 (206,000) (26,000) Inventory increase (decrease) (56,000) 41,000 56,000 Accounts payable increase (decrease) (56,000) 126,000 76,000 Accrued liabilities increase (decrease) 66,000 (226,000) (46,000) Required: Show the operating activities section of cash flows for each of the given cases. (Amounts to be deducted should be indicated with a minus sign.) Case A Case B Case C Net Income Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities Depreciation Changes in Assets and Liabilities Accounts Receivable Inventory Accounts Payable Accrued Liabilities Net Cash Provided by Operating Activities $ $ 0 $

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_2

Step: 3

blur-text-image_3

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

Financial And Managerial Accounting Information For Decisions

Authors: John Wild, Ken Shaw, Barbara Chiappetta

7th Edition

1259726703, 9781259726705

More Books

Students also viewed these Accounting questions