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The two independent cases are listed below: Sales Revenue Cost of Goods Sold Gross Profit Depreciation Expense Salaries Expense Net Income Accounts Receivable Inventories Accounts Payable Salaries Payable Case A Case B 2013 2012 2013 2012 $ 11,000 6,000 5,000 1,000 2,500 1,500 300 750 3 800 1,000 Net Income Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: Depreciation Changes in Assets and Liabilities: Accounts Receivable Inventories Accounts Payable Salaries Payable Net Cash Provided by Operating Activities C $9,000 $21,000 $18,000 S 5,500 Case A 3,500 1,000 2,000 500 400 400 700 500 1,200 700 1,100 S Case B 600 850 12,000 1,450 9,000 1,500 5,000 2,500 750 Show the operating activities section of the 2013 statement of cash flows using the indirect method. (List cash outflows as negative amounts.) 730 800 200 11,000 7,000 1,500 5,000 500 600 800 850 250

The two independent cases are listed below: Sales Revenue Cost of Goods Sold Gross Profit Depreciation Expense Salaries Expense Net Income Accounts Receivable Inventories Accounts Payable Salaries Payable Case A Case B 2013 2012 2013 2012 $ 11,000 6,000 5,000 1,000 2,500 1,500 300 750 3 800 1,000 Net Income Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: Depreciation Changes in Assets and Liabilities: Accounts Receivable Inventories Accounts Payable Salaries Payable Net Cash Provided by Operating Activities C $9,000 $21,000 $18,000 S 5,500 Case A 3,500 1,000 2,000 500 400 400 700 500 1,200 700 1,100 S Case B 600 850 12,000 1,450 9,000 1,500 5,000 2,500 750 Show the operating activities section of the 2013 statement of cash flows using the indirect method. (List cash outflows as negative amounts.) 730 800 200 11,000 7,000 1,500 5,000 500 600 800 850 250

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The two independent cases are listed below: Sales Revenue Cost of Goods Sold Gross Profit Depreciation Expense Salaries Expense Net Income Accounts Receivable Inventories Accounts Payable Salaries Payable Case A Case B 2013 2012 2013 2012 $ 11,000 6,000 5,000 1,000 2,500 1,500 300 750 3 800 1,000 Net Income Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: Depreciation Changes in Assets and Liabilities: Accounts Receivable Inventories Accounts Payable Salaries Payable Net Cash Provided by Operating Activities C $9,000 $21,000 $18,000 S 5,500 Case A 3,500 1,000 2,000 500 400 400 700 500 1,200 700 1,100 S Case B 600 850 12,000 1,450 9,000 1,500 5,000 2,500 750 Show the operating activities section of the 2013 statement of cash flows using the indirect method. (List cash outflows as negative amounts.) 730 800 200 11,000 7,000 1,500 5,000 500 600 800 850 250
Transcribed Image Text:The two independent cases are listed below: Sales Revenue Cost of Goods Sold Gross Profit Depreciation Expense Salaries Expense Net Income Accounts Receivable Inventories Accounts Payable Salaries Payable Case A Case B 2013 2012 2013 2012 $ 11,000 6,000 5,000 1,000 2,500 1,500 300 750 3 800 1,000 Net Income Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: Depreciation Changes in Assets and Liabilities: Accounts Receivable Inventories Accounts Payable Salaries Payable Net Cash Provided by Operating Activities C $9,000 $21,000 $18,000 S 5,500 Case A 3,500 1,000 2,000 500 400 400 700 500 1,200 700 1,100 S Case B 600 850 12,000 1,450 9,000 1,500 5,000 2,500 750 Show the operating activities section of the 2013 statement of cash flows using the indirect method. (List cash outflows as negative amounts.) 730 800 200 11,000 7,000 1,500 5,000 500 600 800 850 250
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