Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

value: 1.00 points M12-4 Computing Cash Flows from Operating Activities (Indirect Method) [LO 12-2] The independent cases are listed below includes all balance sheet accounts

image text in transcribedimage text in transcribed

value: 1.00 points M12-4 Computing Cash Flows from Operating Activities (Indirect Method) [LO 12-2] The independent cases are listed below includes all balance sheet accounts related to operating activities Case B $300,000 $ 10,000 $410,000 Case A Case C Net income Depreciation expense Accounts receivable increase (decrease) Inventory increase (decrease) Accounts payable increase (decrease) Accrued liabilities increase (decrease) 30,000 140,000 80,000 (40,000 2 70,000 (10,000) 40,000 (190,000) 25,000 (40,000) 110,000 60,000 50,000 (210,000) (30,000) 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 $ 300,000 $ 10,000 $ 410,000 Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities Depreciation 30,000 140,000 70,000 Changes in Assets and Liabilities Accounts Receivable Inventory Accounts Payable Accrued Liabilities Net Cash Provided by Operating Activities $ 330,000 150,000 480,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions