ttpsWnewoonnect.mheducat flow/connect.htm Halp Save&Est; A company\'s income sta

Question

ttpsWnewoonnect.mheducat flow/connect.htm Halp Save&Est; A company's income statement showed the following: net income. $119,000; depreciation expense, $32.500, and gain on sale of plant assets $6,500. An examination of the company's current assets and current iabilities showed the following changes as a result of accounts receivable decreased $9,900 merchandise inventory increased $20,500; prepaid increased $3,900. Calculate the net cash provided or used by operating activities expenses increased $6,700: accounts payable Munple Choice $143,000 $149.800 $145 000 1.er 5 Next

Explanation / Answer

STATEMENT OF CASH FLOW Amount in $ Amount in $ Net income $    1,19,000.00 Cash flows from operating activities Adjustments for: Depreciation $       32,500.00 Gain on sale of Plant Assets $        -6,500.00 $       26,000.00 Effects/ changes in Assets & Liabilities (Increase) / Decrease in Account receivables $          9,900.00 Inventory Decrease / (Increase) $      -20,500.00 Prepaid Expenses increased $        -6,700.00 Accounts payable Increase / ( Decrese) $          3,900.00 $      -13,400.00 Net cash from operating activities $    1,31,600.00

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