The two independent cases are listed below: Case A Sales Revenue Cost of Goods Sold Gross Profit Depreciation Expense Salaries and Wages Expense Net Income Accounts Receivable Inventory Accounts Payable Salaries and Wages Payable Year 2 $ 10,100 5,190 1,900 4,910 2,600 1,100 1,600 2,210 255 705 710 955 Year 1 $4,500 Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities Changes in Assets and Liabilities 1,100 1,100 400 310 410 655 1,110 Case B Year 2 Year 1 $20,100 $13,500 11,190 8,910 1,050 4,100 3,760 660 685 890 385 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.) 7,720 5,780 1,050 4,100 630 555 Case A 710 945 440 Case
The two independent cases are listed below: Case A Sales Revenue Cost of Goods Sold Gross Profit Depreciation Expense Salaries and Wages Expense Net Income Accounts Receivable Inventory Accounts Payable Salaries and Wages Payable Year 2 $ 10,100 5,190 1,900 4,910 2,600 1,100 1,600 2,210 255 705 710 955 Year 1 $4,500 Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities Changes in Assets and Liabilities 1,100 1,100 400 310 410 655 1,110 Case B Year 2 Year 1 $20,100 $13,500 11,190 8,910 1,050 4,100 3,760 660 685 890 385 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.) 7,720 5,780 1,050 4,100 630 555 Case A 710 945 440 Case
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The two independent cases are listed below:
Case A
Sales Revenue
Cost of Goods Sold
Gross Profit
Depreciation Expense
Salaries and Wages Expense
Net Income
Accounts Receivable
Inventory
Accounts Payable
Salaries and Wages Payable
Year 2
$ 10,100
5,190
1,900
4,910 2,600
1,100
1,600 1,100
2,210
255
705
710
955
Case B
Year 2 Year 1
$20,100 $13,500
11,190
8,910
1,100 1,050
4,100
3,760
660
685
890
385
Changes in Assets and Liabilities
Year 1
$4,500
Adjustments to Reconcile Net Income to Net
Cash Provided by Operating Activities
400
310
410
655
1,110
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
7,720
5,780
1,050
4,100
$
630
555
710
945
440
Case
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