Accounts payable increasenbspnbspnbspnbspnet

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Manuel, Inc. reported net income of $2.50 million in 2014. Depreciation for the year was $160,000, accounts receivable decreased $350,000, and accounts payable decreased $280,000.

Compute net cash provided by operating activities using the indirect approach. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Manuel, Inc.
Statement of Cash Flows-Indirect Approach
For the Year 2014

Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in Cash



Accounts Receivable Increase    Accounts Payable Increase    Decrease in Account Payable    Net Income    Depreciation Expense    Decrease in Account Receivable    


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Adjustments to reconcile net income to



Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in Cash



Decrease in Account Payable    Accounts Receivable Increase    Decrease in Account Receivable    Accounts Payable Increase    Net Income    Depreciation Expense    

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Accounts Receivable Increase    Decrease in Account Payable    Accounts Payable Increase    Decrease in Account Receivable    Depreciation Expense    Net Income    

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Accounts Payable Increase    Net Income    Decrease in Account Payable    Depreciation Expense    Decrease in Account Receivable    Accounts Receivable Increase    

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Cash at Beginning of Period    Cash at End of Period    Cash Flows from Financing Activities    Cash Flows from Investing Activities    Cash Flows from Operating Activities    Net Cash Provided by Financing Activities    Net Cash Provided by Investing Activities    Net Cash Provided by Operating Activities    Net Cash used by Financing Activities    Net Cash used by Investing Activities    Net Cash used by Operating Activities    Net Decrease in Cash    Net Increase in Cash    

Reference no: EM13571085

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