Evaluate cash flow from operating activities

Assignment Help Financial Accounting
Reference no: EM13535105

The beginning and ending balances of certain accounts in a company's balance sheet are as follows:

 

Beginning Balance

Ending Balance

Changes

Accounts Receivable

$500,000

$465,000

($35,000)

Inventory

$780,000

$860,000

$80,000

Prepaid Expenses

$110,000

$105,000

($5,000)

Accounts Payable

$350,000

$325,000

($25,000)

Accrued Expenses Payable

$165,000

$175,000

$10,000

The business records $145,000 depreciation expense for the year and its net income is $258,000 for the year. Determine its cash flow from operating activities for the year. Present your answer in the indirect format for cash flow from operating activities in the statement of cash flows.

Reference no: EM13535105

Reviews

Write a Review

 
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd