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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![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
Required:
Compute cash flows from operating activities using the direct method. (Amounts to be deducted should be indicated with a minus
sign.)
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
0
3,400
(2,900)
Case C
$ 105,000
70,300
26,900
8,900
$ (1,100)
$ 3,900
(3,900)
(1,000)
1,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2f04870c-fd4e-4f56-b4fd-eac8c2d1a203%2Fcab3b039-db00-4aa5-99d9-0a42d3bdc65d%2F1lq31nu_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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
Required:
Compute cash flows from operating activities using the direct method. (Amounts to be deducted should be indicated with a minus
sign.)
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
0
3,400
(2,900)
Case C
$ 105,000
70,300
26,900
8,900
$ (1,100)
$ 3,900
(3,900)
(1,000)
1,000
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