Calculation of cash flows and calculation of why operating

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Calculation of cash flows and calculation of why operating cash flows different from net income.

1. What question is the direct format of the statement of cash flows designed to answer?

2. What question is the indirect format of the statement of cash flows designed to answer?  Explain.

3. The following information is available for Sentry Company for the first month of the year.

Revenues

 $        17,000

Expenses

             8,000

Increase in accounts receivable

                 800

Decrease in inventory

             1,200

Decrease in supplies

                 400

Increase in accounts payable

             1,050

Decrease in wages payable

                 900

Depreciation expense

             1,100

Patent expense

                 250

Determine the cash flow from operating activities for the month.

Reference no: EM13356196

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