The independent cases are listed below includes all balance sheet accounts relat

Question

The independent cases are listed below includes all balance sheet accounts related to operating activities: Case A Case B Case C Net income $ 303,000 $ 11,500 $ 413,000 Depreciation expense 33,000 143,000 73,000 Accounts receivable increase (decrease) 86,000 (193,000 ) (13,000 ) Inventory increase (decrease) (43,000 ) 28,000 43,000 Accounts payable increase (decrease) (43,000 ) 113,000 63,000 Accrued liabilities increase (decrease) 53,000 (213,000 ) (33,000 ) 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.)

Explanation / Answer

Cash flow from operating activities: Case A Case B Case C Net Income        3,03,000        11,500 4,13,000 Depreciation Expense            33,000    1,43,000      73,000 Accounts Receivable increase(decrease)          -86,000    1,93,000      13,000 Inventory increase(decrease)            43,000      -28,000     -43,000 Accounts Payable increase(decrease)          -43,000    1,13,000      63,000 Accrued Liabilities increase(decrease)            53,000 -2,13,000     -33,000 Net Cash provided by Operating activities        3,03,000    2,19,500 4,86,000

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