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 Net income Depreciation expense Accounts receivable increase (decrease) Inventory increase (decrease) Accounts payable increase (decrease) Accrued liabilities increase (decrease) Case A Case B Case C $300,000$ 10,000 $410,000 30,000 140,000 70,000 80,000 (190,000) (10,000) (40,000) 25,000 40,000 (40,000) 10,000 60,000 50,000 (210,000) (30,000) 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.) Case A Case B Case C Net Income $ 300,000$ 10,000$ 410,000 Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities Depreciation 30,000 140,000 70,000 Changes in Assets and Liabilities Accounts Receivable Inventory Accounts Payable Accrued Liabilities Net Cash Provided by Operating Activities $ 330,000 $ 150,000 $ 480,000

Explanation / Answer

Operating Activities

Case A Case B Case C Net income 300,000 10,000 410,000 Adjustments to Reconcile Net Income to netCash provided by operating activities Depreciation 30,000 140,000 70,000 Changes in Assets and liabilities Accounts receivable (80,000) 190,000 10,000 Inventory 40,000 (25,000) (40,000) Accounts payable (40,000) 110,000 60,000 Accrued liabilities 50,000 (210,000) (30,000)

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