ezto.mheducation.com/hm.tpx P Pandora Internet Ra N 1 The University of Ala JL H

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ezto.mheducation.com/hm.tpx P Pandora Internet Ra N 1 The University of Ala JL Home-JNJ Apparel :: Apps 1. 15.00 points value: The two independent cases are listed below Case A Case B Year 2 Year 1 Year 2 Year 1 $ 10,900 $ 8,500 $20,900 $17,500 Sales Revenue Cost of Goods Sold Gross Profit Depreciation Expense 5,910 5,100 11,910 10,510 4,990 3,400 8,990 6,990 Net Income Accounts Receivable Inventory Accounts Payable 1,200 1,200 1,450 1,450 Salaries and Wages Expense 2,400 1,900 4,900 4,900 1,390 300 2,640 640 595 745 490 725 790 900 Salaries and Wages Payable 995 1,190 265 360 295 390 740 790 695 810 Show the operating activities section of the statement of cash flows for year 2 using (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 0 62 8

Explanation / Answer

Answer:-

Statement of Cash Flow (Using Indirect Method) For the year 2 Particulars Amount $   Amount $ Case A Case B Net Income 1390 2640 Adjustments to reconcile net income to net cash provided by opreating activities Adjustment for non cash effects Depreciation 1200 1450 Change in opreating assets & liabilities Decrease in Accounts Receiviable 95 Increase in Accounts Receiviable -145 Increase in Inventory -255 Decrease in Inventory 65 Increase in Accounts payable 95 Decrease in Accounts payable -90 Decrease in Accounts payable Decrease in Salaries & Wages payable -195 -95 Net cash flow from opreating activities 2330 3825

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