value: 2.50 points M12-4 Computing Cash Flows from Operating Activities (Indirec

Question

value: 2.50 points M12-4 Computing Cash Flows from Operating Activities (Indirect M The independent cases are listed below includes al alance sheet accounts related to oper Case A Case B Net income Depreciation expense Accounts receivable increase ( 314,000 S 17,000 $424,000 44,000 154,000 84,000 ony incse decree decrease) 10%.00020 000924000 (54,000) 39,000 54,000 74,000 Accounts payable increase (decrease) Accrued liabilities increase (decrease) (54,000) 124,000 64,000 (224,000) (44,000) Show the operating activities section of cash flows for each of the given cases. (Amounts t should be indicated with a minus sign.) Case A Case B Case C Net Income Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities Depreciation Changes in Assets and Liabilities Accounts Receivable Inventory Accounts Payable Accrued Liabilities Net Cash Provided by Operating Activities o s o Type here to search

Explanation / Answer

Case A ($) Case B ($) Case C ($) Net Income 314,000 17,000 424,000 Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities Depreciation 44,000 154,000 84,000 Change in Assets & Liabilities Accounts Receivable -108,000 204,000 24,000 Inventory 54,000 -39,000 -54,000 Accounts Payable -54,000 124,000 74,000 Accrued Liabilities 64,000 -224,000 -44,000 Net Cash Provided by Operating Activities 314,000 236,000 508,000

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