QS 12-4 (Algo) Indirect: Computing cash flows from operations LO P2 Cain Incorporated reports net income of $ 17,200. Its comparative balance sheet shows the following changes: accounts receivable increased $8, 200; inventory decreased $10,200; prepaid insurance decreased $3,200; accounts payable increased $5,200; and taxes payable decreased $4,200. Compute cash flows from operations using the indirect method. Note: Amounts to be deducted should be indicated by a minus sign.
QS 12-4 (Algo) Indirect: Computing cash flows from operations LO P2 Cain Incorporated reports net income of $ 17,200. Its comparative balance sheet shows the following changes: accounts receivable increased $8, 200; inventory decreased $10,200; prepaid insurance decreased $3,200; accounts payable increased $5,200; and taxes payable decreased $4,200. Compute cash flows from operations using the indirect method. Note: Amounts to be deducted should be indicated by a minus sign.
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter15: Statement Of Cash Flows
Section: Chapter Questions
Problem 19E
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![QS 12-4 (Algo) Indirect: Computing cash flows from operations LO P2 Cain Incorporated reports net income of $
17,200. Its comparative balance sheet shows the following changes: accounts receivable increased $8, 200; inventory
decreased $10,200; prepaid insurance decreased $3,200; accounts payable increased $5,200; and taxes payable
decreased $4,200. Compute cash flows from operations using the indirect method. Note: Amounts to be deducted
should be indicated by a minus sign.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fdf63be11-26bc-4797-bdbb-e6f63a3a1a5b%2Fc2d6e1d8-a607-4eda-a35f-f4dfaca70290%2Fc6x7dsq_processed.jpeg&w=3840&q=75)
Transcribed Image Text:QS 12-4 (Algo) Indirect: Computing cash flows from operations LO P2 Cain Incorporated reports net income of $
17,200. Its comparative balance sheet shows the following changes: accounts receivable increased $8, 200; inventory
decreased $10,200; prepaid insurance decreased $3,200; accounts payable increased $5,200; and taxes payable
decreased $4,200. Compute cash flows from operations using the indirect method. Note: Amounts to be deducted
should be indicated by a minus sign.
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