edugen wileyphn.com/edagen/student/mairt US Weygandt, \' inancial Acroantin . ?D

Question

edugen wileyphn.com/edagen/student/mairt US Weygandt, ' inancial Acroantin . ?De PRINCEPLEs oF & Pract Gradebeok ORJON Downloadabile etextboolk 12 The current sections of Cheyenne Corp.'s balance sheets at December 31, 2018 and 2019, are presented here Cheyene's net Income for 2019 was $150,900. Depreciation expense was $23,200 107,500 $98,200 Accounts recelvable 158,300 80,00 26,700 25.200 376,300 108,600 nventory Prepaid expenses 172.400 Total current assets $401,100 Current iabities Accrued expenses payable Accounts payable 16,000 8.100 Total current liablities 100,300 $103,700 Prepare the net cash provlded by operating activities section of the company's statement of cash flows for the year ended December 31, 2019, using the indredt method amounts that decrease cash low with elther a sign e.g. 13,000 or io parevthesis e.g.(15,000) Flows rtana. Ask me anything O B

Explanation / Answer

Statement of cash flow :

23200

Cash flow from operating activities Net income 150900 Adjustment to reconcile net income to Cash flow from operating activities Depreciation expense

23200

Increase account receivable -27900 Decrease inventory 14100 Increase prepaid expense -1500 Increase accured expense payable 7900 Decrease account payable -11300 4500 Net cash flow from operating activities 155400

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