emissions - Quiz 03 Chapter 14 HW#5 x + V O https:/ewconnect.mheducation.com/flow/connect html er 14 HW#5 Saved Apex Company prepared the statement of cash flows for the current year that is shown below Print Apex Company Statement of Cash Flows-Indirect Method Operating activities: Net income $ 42,eee Adjustments to convert net income to cash basis: Depreciation $ 21,600 Increase in accounts receivable (60,3ee) Increase in inventory (26,500) Decrease in prepaid expenses 10,400 Increase in accounts payable 54,8ee Decrease in accrued liabilities (11,980) Increase in income taxes payable 3,200 (8,7ee) Net cash provided by (used in) operating activities 33,3ee Investing activities: Proceeds from the sale of equipment 14,400 Loan to Thomas Company (40,1ee) Additions to plant and equipment (121,5ee) Net cash provided by (used in) investing activities (147,200) Financing activities: Increase in bonds payable 89,800 Increase in common stock 39,800 Cash dividends (29,400) Net cash provided by (used in) financing activities 1ee, 200 Net decrease in cash and cash equivalents (13,700) Beginning cash and cash equivalents 28.3ee Ending cash and cash equivalents $ 14,600 -pe here to search emissions - Quiz 03 Chapter 14 HW#5 x + V O https:/ewconnect.mheducation.com/flow/connect html er 14 HW#5 Saved Apex Company prepared the statement of cash flows for the current year that is shown below Print Apex Company Statement of Cash Flows-Indirect Method Operating activities: Net income $ 42,eee Adjustments to convert net income to cash basis: Depreciation $ 21,600 Increase in accounts receivable (60,3ee) Increase in inventory (26,500) Decrease in prepaid expenses 10,400 Increase in accounts payable 54,8ee Decrease in accrued liabilities (11,980) Increase in income taxes payable 3,200 (8,7ee) Net cash provided by (used in) operating activities 33,3ee Investing activities: Proceeds from the sale of equipment 14,400 Loan to Thomas Company (40,1ee) Additions to plant and equipment (121,5ee) Net cash provided by (used in) investing activities (147,200) Financing activities: Increase in bonds payable 89,800 Increase in common stock 39,800 Cash dividends (29,400) Net cash provided by (used in) financing activities 1ee, 200 Net decrease in cash and cash equivalents (13,700) Beginning cash and cash equivalents 28.3ee Ending cash and cash equivalents $ 14,600 -pe here to search