The independent cases listed below include all items relevant to operating activities. Sales revenue Cost of goods sold Depreciation expense Salaries and wages expense Net income (loss) Accounts receivable increase (decrease) Inventory increase (decrease) Accounts payable increase (decrease) Salaries and wages payable increase (decrease) Cash Collected from Customers Cash Payments to Suppliers Cash Payments for Salaries and Wages Net Cash Provided by Operating Activities Case A Case B Case A Case C $ 74,000 39,500 10,900 5,900 $ 17,700 $ (1,000) 2,900 e 1,950 Case B $ 64,000 30,500 2,900 13,900 $ 16,700 $ 4,900 Required: Compute cash flows from operating activities using the direct method. (Amounts to be deducted should be indicated with a minus sign.) 3,400 (2,900) Case C $ 105,000 70,300 26,900 8,900 $ (1,100) $ 3,900 (3,900) (1,000) 1,000

The independent cases listed below include all items relevant to operating activities. Sales revenue Cost of goods sold Depreciation expense Salaries and wages expense Net income (loss) Accounts receivable increase (decrease) Inventory increase (decrease) Accounts payable increase (decrease) Salaries and wages payable increase (decrease) Cash Collected from Customers Cash Payments to Suppliers Cash Payments for Salaries and Wages Net Cash Provided by Operating Activities Case A Case B Case A Case C $ 74,000 39,500 10,900 5,900 $ 17,700 $ (1,000) 2,900 e 1,950 Case B $ 64,000 30,500 2,900 13,900 $ 16,700 $ 4,900 Required: Compute cash flows from operating activities using the direct method. (Amounts to be deducted should be indicated with a minus sign.) 3,400 (2,900) Case C $ 105,000 70,300 26,900 8,900 $ (1,100) $ 3,900 (3,900) (1,000) 1,000

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 39E: Reporting Net Cash Flow from Operating Activities The following information is available for...

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