Statement of Cash Flows owns no plant pter 12 E12-5A. Cash Flow from Operating A

Question

Statement of Cash Flows owns no plant pter 12 E12-5A. Cash Flow from Operating Activities (Indirect Method) The Arcadia Company o assets and had the following income statement for the year: $930,000 $640,000 .. 210,000 11,000 903,000 $ 27,000 Additional information about the company includes: End of Beginning Year of Year $67,000 $59,000 62,000 86,000 Accounts receivable nventory... Prepaid rent 8,000 7,000 9,0007 7,000 Use the preceding information to calculate the cash flow from operating activities using the indirect method

Explanation / Answer

Cash flow from operating activities:

Net income = 27000

Changes in Working capital:

Accounts receivable = -8000

Inventory = 24000

Prepaid rent = -1000

Accounts payable = -4000

Wages payable = 2000

Cash flow from operating activities = 40000

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