Solution-Indirect method-prepare cash flows from operating

Indirect method-prepare cash flows from operating activities

Reference no: EM13555785

Given the following information and using the indirect method prepare the Cash Flows from Operating Activities section of the statement of cash flows.

	End of Year	Beginning of Year	Change
Cash	$ 23,500	$ 37,400	(13,900)
Accounts receivable (net)	84,500	80,350	4,150
Inventories	100,200	94,300	5,900
Prepaid expenses	4,970	5,300	(330)
Accounts payable (creditors)	71,400	68,900	2,500
Salaries Payable	5,320	6,450	(1,130)

Net Income reported on the income statement for the current year was $134,800. Depreciation expense recorded on buildings and equipment was $27,400 for the year.

Reference no: EM13555785

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Indirect method-prepare cash flows from operating activities

Reference no: EM13555785

Reference no: EM13555785

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