The comparative balance sheets for Tamarisk, Inc. show these changes in noncash

Question

The comparative balance sheets for Tamarisk, Inc. show these changes in noncash current asset accounts: accounts receivable decreased $73,500, prepaid expenses increased $25,400, and inventories increased $43,500.

Compute net cash provided by operating activities using the indirect method, assuming that net income is $177,800. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Tamarisk, Inc.
Statement of Cash Flows-Indirect Method

Adjustments to reconcile net income to

Tamarisk, Inc.
Statement of Cash Flows-Indirect Method

Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in Cash

        Decrease in Accounts Receivable    Decrease in Inventories    Decrease in Prepaid Expenses    Increase in Accounts Receivable    Increase in Inventories    Increase in Prepaid Expenses    Net Income

$

Adjustments to reconcile net income to

Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in Cash

        Decrease in Accounts Receivable    Decrease in Inventories    Decrease in Prepaid Expenses    Increase in Accounts Receivable    Increase in Inventories    Increase in Prepaid Expenses    Net Income

$

        Decrease in Accounts Receivable    Decrease in Inventories    Decrease in Prepaid Expenses    Increase in Accounts Receivable    Increase in Inventories    Increase in Prepaid Expenses    Net Income

        Decrease in Accounts Receivable    Decrease in Inventories    Decrease in Prepaid Expenses    Increase in Accounts Receivable    Increase in Inventories    Increase in Prepaid Expenses    Net Income

        Cash at Beginning of Period    Cash at End of Period    Cash Flows from Financing Activities    Cash Flows from Investing Activities    Cash Flows from Operating Activities    Net Cash Provided by Financing Activities    Net Cash Provided by Investing Activities    Net Cash Provided by Operating Activities    Net Cash used by Financing Activities    Net Cash used by Investing Activities    Net Cash used by Operating Activities    Net Decrease in Cash    Net Increase in Cash

$

Explanation / Answer

Tamarisk, Inc. Statement of Cash Flows-Indirect Method Cash Flows from Operating Activities Net income 177800 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Decrease in Accounts Receivable 73500 Increase in Prepaid expenses -25400 Increase in Inventories -43500 4600 Net Cash Provided by Operating Activities   182400

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