The two independent cases are listed below: Case A Case B Year 2 Year 1 Year 2 Year 1 Sales Revenue $ 10,500 $ 6,500 $ 20,500 $ 15,500 Cost of Goods Sold 5,550 3,500 11,550 9,050 Gross Profit 4,950 3,000 8,950 6,450 Depreciation Expense 1,000 1,000 1,250 1,250 Salaries and Wages Expense 2,000 1,500 4,500 4,500 Net Income 1,950 500 3,200 700 Accounts Receivable 275 350 700 575 Inventory 725 450 705 750 Accounts Payable 750 675 850 920 Salaries and Wages Payable 975 1,150 325 400 Show the operating activities section of the statement of cash flows for year 2 using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) Case A Case B Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities Changes in Assets and Liabilities $0 $0 Im confused on how to do this problem and have no clue how to do it
The two independent cases are listed below: Case A Case B Year 2 Year 1 Year 2 Year 1 Sales Revenue $ 10,500 $ 6,500 $ 20,500 $ 15,500 Cost of Goods Sold 5,550 3,500 11,550 9,050 Gross Profit 4,950 3,000 8,950 6,450 Depreciation Expense 1,000 1,000 1,250 1,250 Salaries and Wages Expense 2,000 1,500 4,500 4,500 Net Income 1,950 500 3,200 700 Accounts Receivable 275 350 700 575 Inventory 725 450 705 750 Accounts Payable 750 675 850 920 Salaries and Wages Payable 975 1,150 325 400 Show the operating activities section of the statement of cash flows for year 2 using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) Case A Case B Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities Changes in Assets and Liabilities $0 $0 Im confused on how to do this problem and have no clue how to do it
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
The two independent cases are listed below:
| Case A | Case B | |||||||||||
| Year 2 | Year 1 | Year 2 | Year 1 | |||||||||
| Sales Revenue | $ | 10,500 | $ | 6,500 | $ | 20,500 | $ | 15,500 | ||||
| Cost of Goods Sold | 5,550 | 3,500 | 11,550 | 9,050 | ||||||||
| Gross Profit | 4,950 | 3,000 | 8,950 | 6,450 | ||||||||
| 1,000 | 1,000 | 1,250 | 1,250 | |||||||||
| Salaries and Wages Expense | 2,000 | 1,500 | 4,500 | 4,500 | ||||||||
| Net Income | 1,950 | 500 | 3,200 | 700 | ||||||||
| 275 | 350 | 700 | 575 | |||||||||
| Inventory | 725 | 450 | 705 | 750 | ||||||||
| Accounts Payable | 750 | 675 | 850 | 920 | ||||||||
| Salaries and Wages Payable | 975 | 1,150 | 325 | 400 | ||||||||
Show the operating activities section of the statement of
|
Im confused on how to do this problem and have no clue how to do it
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