The two independent cases are listed below: Case A Case B Year 2 Year 1 Year 2 Y

Question

The two independent cases are listed below: Case A Case B Year 2 Year 1 Year 2 Year 1 $ 10,100 4,500 $ 20,100 $13,500 5,190 1,900 11,90 7,720 4,910 2,600 8,910 5,780 1,100 1,100 1,050 1,050 Salaries and Wages Expense 1,600 1,100 4,100 4,100 2,210 400 3,760 630 255 310 660 555 705 410 685 710 945 Salaries and Wages Payable 955 1,110 385 440 Sales Revenue Cost of Goods Sold Gross Profit Depreciation Expense Net Income Accounts Receivable Inventory Accounts Payable 710 655 890 Show the operating activities section of the statement of cash flows for year 2 using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) Case A Case B Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities Changes in Assets and Liabilities

Explanation / Answer

PARTICULATS CASE A CASE B Adjustments to Reconcile Net Income to Net Cash Provided by Operating Acivities 1810 3130 Add: Depreciation Total 1810 3130 Change in Assets and Liabilities: Accounts Receivables 55 -105 Inventory -295 25 Accounts Payable 55 -55 Salaries and Wages Payable -155 -55 CASH FLOW FROM OPERATING ACTIVITIES 1470 2940 *Increase in current liabilities is Add *Decrease in current liabilities is Less *Increase in current Assets is Less *Decrease in current Assets is Add

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