all part please and Problems eBook Show Me How Calculator Print item Cash Flows

Question

all part please

and Problems eBook Show Me How Calculator Print item Cash Flows from Operating Activities-Indirect Method The net income reported on the income statement for the current year was $135,900. Depreciation recorded on store equipment for the year amounted to $22,400. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: End of Year $54,770 39,270 53,620 6,020 51,320 Beginning of Year Cash Accounts receivable (net) Merchandise inventory Prepaid expenses Accounts payable (merchandise creditors) Wages payable a. Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method. Use the minus sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments. $50,390 37,240 56,690 4,790 47,670 31,140 KSHEETAL Statement of Cash Flows (partial) Cash flows from operating activities: Adjustments to reconcile net income to net cash flow from operating activit Changes in current operating assets and liabilities: Previous Check My Work 2 more Cneck My WWork uses remaining 536 PM e here to search

Explanation / Answer

Prepare statement of cash flow from operating activities :

b) Reporting land transaction :

Cash flow from operating activities Net income 135900 Adjustment to reconcile net income Increase account receivable (2030) Decrease inventory 3070 Increase prepaid exp (1230) Increase account payable 3650 Decrease wages payable (3100) Net cash flow from operating activities 136260

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