mmel, Accouncg p I System Announcements Teal Mountain Partial Statement of Cash

Question

mmel, Accouncg p I System Announcements Teal Mountain Partial Statement of Cash Flows For the Year Ended December 31, 2017 Cash Flows from Operating Activities 156366 Net Income Adjustments to reconcile net income to Net Cash used by Financing Activities Depreciation Expense 27594 Net Income Decrease in Accounts Receivable 9198 Increase in Inventory 4088 Decrease in Prepaid Expenses 5110 Increase in Accrued Expenses Payable 10220 45990 Net Cash Provided by Activities 195202 Click if you would like to Show Work for this question: Open Show Work esc

Explanation / Answer

Teal Mountain Inc. Partial Statement of Cash Flows For the Year Ended December 31, 2017 Cash flows from operating activities Net income $        156,366 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation expense $        27,594 Increase in Accounts receivable $        (7,154) Decrease in inventory $          9,198 Decrease in prepaid expenses $          4,088 Decrease in accounts payable $        (5,110) Increase in accrued expenses payable $        10,220 $          38,836 Net cash provided by operating activities $        195,202 Note: I have tried my best for correct solution still you need any further help, please ask in comment. If given description does not match with answer please specify the options hidden in arrow block. Thanks.

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