Net income Depreciation expense Accounts receivable increase (decrease) Inventory increase (decrease) Accounts payable increase (decrease) Accrued liabilities increase (decrease) Twix $ 4,000 30,000 40,000 (20,000) 24,000 (44,000) Changes in current operating assets and liabilities Dots $ 100,000 8,000 20,000 (10,000) Net income Adjustments to reconcile net income to net cash provided by operating activities: Income statement items not affecting cash (22,000) 12,000 Cash Flows from Operating Activities (Indirect) For each separate company, compute cash flows from operations using the indirect method. Note: Amounts to be deducted should be indicated by a minus sign. $ Skor $ 72,000 24,000 (4,000) 10,000 Twix 14,000 (8,000) 0 $ Dots 0 $ Skor 0
Net income Depreciation expense Accounts receivable increase (decrease) Inventory increase (decrease) Accounts payable increase (decrease) Accrued liabilities increase (decrease) Twix $ 4,000 30,000 40,000 (20,000) 24,000 (44,000) Changes in current operating assets and liabilities Dots $ 100,000 8,000 20,000 (10,000) Net income Adjustments to reconcile net income to net cash provided by operating activities: Income statement items not affecting cash (22,000) 12,000 Cash Flows from Operating Activities (Indirect) For each separate company, compute cash flows from operations using the indirect method. Note: Amounts to be deducted should be indicated by a minus sign. $ Skor $ 72,000 24,000 (4,000) 10,000 Twix 14,000 (8,000) 0 $ Dots 0 $ Skor 0
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Munabhai
Transcribed Image Text:Net income
Depreciation expense
Accounts receivable increase (decrease)
Inventory increase (decrease)
Accounts payable increase (decrease)
Accrued liabilities increase (decrease)
Twix
$ 4,000
30,000
40,000
(20,000)
24,000
(44,000)
Dots
$ 100,000
8,000
20,000
(10,000)
(22,000)
12,000
Cash Flows from Operating Activities (Indirect)
Net income
Adjustments to reconcile net income to net cash provided by operating activities:
Income statement items not affecting cash
Changes in current operating assets and liabilities
For each separate company, compute cash flows from operations using the indirect method.
Note: Amounts to be deducted should be indicated by a minus sign.
$
Skor
$72,000
Twix
24,000
(4,000)
10,000
14,000
(8,000)
0 $
Dots
0 $
Skor
0
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