Prepare cash flows from operating activities using the direct method Net income Depreciation expense Accounts receivable increase (decrease) Inventory increase (decrease) Accounts payable increase (decrease) Accrued labilities increase (decrease) Twix Dots Skor $ 4,000 $100,000 $72,000 30,000 8,000 24,000 40,000 20,000 (4,000) (20,000) (10,000) 10,000 24,000 (22,000) 14,000 (44,000) 12,000 (8,000)
Prepare cash flows from operating activities using the direct method Net income Depreciation expense Accounts receivable increase (decrease) Inventory increase (decrease) Accounts payable increase (decrease) Accrued labilities increase (decrease) Twix Dots Skor $ 4,000 $100,000 $72,000 30,000 8,000 24,000 40,000 20,000 (4,000) (20,000) (10,000) 10,000 24,000 (22,000) 14,000 (44,000) 12,000 (8,000)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Prepare cash flows from operating activities using the direct method:
Net income
Depreciation expense
Accounts receivable increase (decrease)
Inventory increase (decrease)
Accounts payable increase (decrease)
Accrued liabilities increase (decrease)
Twix
Dots
$ 4,000 $100,000
30,000
40,000
(20,000)
(10,000)
24,000 (22,000)
(44,000)
12,000
8,000
20,000
Skor
$72,000
24,000
(4,000)
10,000
14,000
(8,000)
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