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I dont understand why some are negative whereas some are positive??

I dont understand why some are negative whereas some are positive??

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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I dont understand why some are negative whereas some are positive??

♥ Sales Revenue Year 2 $ 11,800 Year 1 $ 12,400 Year 2 $21,800 Year 1 $ 22,000 6,720 9,500 12,720 Cost of Goods Sold Gross Profit 13,910 5,080 2,900 9,080 8,090 Depreciation Expense Salaries and Wages Expense 1,200 1,200 1,900 1,900 1,700 1,200 5,800 5,800 Net Income $ 2,180 $ 500 $ 1,380 $390 Accounts Receivable $340 $ 480 $ 640 Inventory $830 770 790 880 Accounts Payable 580 740 880 880 970 Salaries and Wages Payable 1,040 1,280 240 330 Required: Show the operating activities section of the statement of cash flows for year 2 using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) Answer is complete and correct. Case A Case B Net Income $ 2,180 $ Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities Depreciation Expense 1,200 Changes in Assets and Liabilities Accounts Receivable Inventory Accounts Payable Salaries and Wages Payable Net Cash Provided by Operating Activities 090 140✔ (210) 140 (240)✓ Case A $ 3,210 1,380✔ 1,900 (190) 110 (90) (90) $ 3,020 Case B 3330
Transcribed Image Text:♥ Sales Revenue Year 2 $ 11,800 Year 1 $ 12,400 Year 2 $21,800 Year 1 $ 22,000 6,720 9,500 12,720 Cost of Goods Sold Gross Profit 13,910 5,080 2,900 9,080 8,090 Depreciation Expense Salaries and Wages Expense 1,200 1,200 1,900 1,900 1,700 1,200 5,800 5,800 Net Income $ 2,180 $ 500 $ 1,380 $390 Accounts Receivable $340 $ 480 $ 640 Inventory $830 770 790 880 Accounts Payable 580 740 880 880 970 Salaries and Wages Payable 1,040 1,280 240 330 Required: Show the operating activities section of the statement of cash flows for year 2 using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) Answer is complete and correct. Case A Case B Net Income $ 2,180 $ Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities Depreciation Expense 1,200 Changes in Assets and Liabilities Accounts Receivable Inventory Accounts Payable Salaries and Wages Payable Net Cash Provided by Operating Activities 090 140✔ (210) 140 (240)✓ Case A $ 3,210 1,380✔ 1,900 (190) 110 (90) (90) $ 3,020 Case B 3330
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