Bundle: Financial Accounting: Tools for Business Decision Making 8e Binder Ready Version + WileyPLUS Registration Code
Bundle: Financial Accounting: Tools for Business Decision Making 8e Binder Ready Version + WileyPLUS Registration Code
8th Edition
ISBN: 9781119221647
Author: Paul D. Kimmel
Publisher: Wiley (WileyPLUS Products)
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Chapter 12, Problem 12.3E
To determine

Introduction:

Cash flows from operating activities: These refer to the cash received or cash paid in day-to-day operating activities of a company.

Indirect method: Under this method, the following amounts are to be adjusted from the Net Income to calculate the net cash provided from operating activities.

  • Deduct increase in current assets.
  • Deduct decrease in current liabilities.
  • Add decrease in current assets.
  • Add the increase in current liability.
  • Add depreciation expense and amortization expense.
  • Add loss on sale of plant assets.
  • Less gain on sale of plant assets.

To Prepare: Operating activities section of statement of cash flows for the year 2017 under indirect method.

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Chapter 12 Solutions

Bundle: Financial Accounting: Tools for Business Decision Making 8e Binder Ready Version + WileyPLUS Registration Code

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