Twix $ 4,000 30,000 40,000 (20,000) 24,000 (44,e00) Dots Skor Net income Depreciation expense Accounts receivable increase (decrease) Inventory increase (decrease) Accounts payable increase (decrease) Accrued liabilities increase (decrease) $100,000 $ 8,000 20,000 (10,000) (22,000) 12,000 72,000 24,000 (4,000) 10,000 14,000 (8,000) For each separate company, compute cash flows from operations using the indirect method. (Amounts to be deducted should be indicated by a minus sign.) Cash Flows from Operating Activities (Indirect) Twix Dots Skor Net income $ 4,000 $ Adjustments to reconcile net income to net cash provided by operating activities: 100,000 $ 72,000 Depreciation 30,000 (40,000) 20,000 8,000 (20,000) 24,000 4,000 Accounts receivable Inventories 10,000 (10,000) Accounts payable Accrued liabilities
Twix $ 4,000 30,000 40,000 (20,000) 24,000 (44,e00) Dots Skor Net income Depreciation expense Accounts receivable increase (decrease) Inventory increase (decrease) Accounts payable increase (decrease) Accrued liabilities increase (decrease) $100,000 $ 8,000 20,000 (10,000) (22,000) 12,000 72,000 24,000 (4,000) 10,000 14,000 (8,000) For each separate company, compute cash flows from operations using the indirect method. (Amounts to be deducted should be indicated by a minus sign.) Cash Flows from Operating Activities (Indirect) Twix Dots Skor Net income $ 4,000 $ Adjustments to reconcile net income to net cash provided by operating activities: 100,000 $ 72,000 Depreciation 30,000 (40,000) 20,000 8,000 (20,000) 24,000 4,000 Accounts receivable Inventories 10,000 (10,000) Accounts payable Accrued liabilities
Fundamentals of Financial Management (MindTap Course List)
15th Edition
ISBN:9781337395250
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Eugene F. Brigham, Joel F. Houston
Chapter4: Analysis Of Financial Statements
Section: Chapter Questions
Problem 24P: Income Statement for Year Ended December 31, 2018 (Millions of Dollars) Net sales 795.0 Cost of...
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