The three independent cases that follow include all balance sheet accounts related to operating activities. Case B $ 20,000 $ 430,000 160,0০০ (210,000) 45,000 130,000 (230,000) Case C Net income Depreciation expense Accounts receivable increase (decrease) Inventory inerease (decrease) Accounts payable increane (decrease) Accrued liabilities increase (decrease) Case A $ 320,000 50,000 120,000 (60,000) (60,000) 70,000 90,000 (30,000) 60,000 80,000 (50,000) Required: Show the operating activities section of cash flows for each of the given cases. (Amounts to be deducted should be indicated with a minus sign.)

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The three independent cases that follow include all balance sheet accounts related to operating activities.
Case A
Case B
$ 20,000 $ 430,000
160,000
(210,000)
45,000
130,000
(230,000)
Case C
$ 320,000
50,000
Net income
Depreciation expense
Accounts receivable increase (decrease)
Inventory increase (decrease)
Accounts payable increase (decrease)
Accrued liabilities increase (decrease)
120,000
(60,000)
(60,000)
70,000
90,000
(30,000)
60,000
80,000
(50,000)
Required:
Show the operating activities section of cash flows for each of the given cases. (Amounts to be deducted should be
Indicated with a minus sign.)
Answer is complete but not entirely correct.
Case A
Case B
Case C
$ 320,000 Os 20,000
Net Income
$ 430,000
Adjustments to Reconcile Net Income to Net
Cash Provided by Operating Activities
Depreciation
Changes in Assets and Liabilities
50,000
160,000 O
90,000
Accounts Receivable
120,000
210,000 O
45,000 O
30,000
Inventory
60,000
60,000
Accounts Payable
60,000 O
13,000 0
80,000
Accrued Liabilities
230,000 O
$ 678,000
70,000
50,000
Net Cash Provided by Operating Activities
$ 680,000
$ 740,000
Transcribed Image Text:The three independent cases that follow include all balance sheet accounts related to operating activities. Case A Case B $ 20,000 $ 430,000 160,000 (210,000) 45,000 130,000 (230,000) Case C $ 320,000 50,000 Net income Depreciation expense Accounts receivable increase (decrease) Inventory increase (decrease) Accounts payable increase (decrease) Accrued liabilities increase (decrease) 120,000 (60,000) (60,000) 70,000 90,000 (30,000) 60,000 80,000 (50,000) Required: Show the operating activities section of cash flows for each of the given cases. (Amounts to be deducted should be Indicated with a minus sign.) Answer is complete but not entirely correct. Case A Case B Case C $ 320,000 Os 20,000 Net Income $ 430,000 Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities Depreciation Changes in Assets and Liabilities 50,000 160,000 O 90,000 Accounts Receivable 120,000 210,000 O 45,000 O 30,000 Inventory 60,000 60,000 Accounts Payable 60,000 O 13,000 0 80,000 Accrued Liabilities 230,000 O $ 678,000 70,000 50,000 Net Cash Provided by Operating Activities $ 680,000 $ 740,000
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