MANAGERIAL ACCTING LL W/CNCT- UND CUSTOM
17th Edition
ISBN: 9781264343850
Author: Garrison
Publisher: MCG CUSTOM
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Chapter 15, Problem 2E
EXERCISE 14-2 Net Cash Provided by Operating Activities LO14-2
For the just completed year, Hanna Company had net income of $35,000. Balances in the company's current asset and current liability accounts at the beginning and end of the year were as follows:
December 31
End of Year
Beginning of Year
Current assets:
| Cash and cash equivalents | $30,000 |
$40,000 |
$125,000 |
$106,000 | |
| Inventory | $213,000 |
$180,000 |
| Prepaid expenses | $6,000 |
$7,000 |
| Current liabilities: | ||
| Accounts payable | $210,000 |
$195,000 |
| Accrued liabilities | $4,000 |
$6,000 |
| Income taxes payable | $34,000 |
$30,000 |
The
Required:
Using the indirect method, determine the net cash provided by operating activities for the year.
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Chapter 15 Solutions
MANAGERIAL ACCTING LL W/CNCT- UND CUSTOM
Ch. 15.A - Prob. 1ECh. 15.A - EXERCISE 14A-2 Net Cash Provided by Operating...Ch. 15.A - Prob. 3ECh. 15.A - Prob. 4ECh. 15.A -
PROBLEM 14A-5 Prepare and Interpret a Statement...Ch. 15.A - Prob. 6PCh. 15.A - PROBLEM 14A-7 Prepare and Interpret a Statement of...Ch. 15 - Prob. 1QCh. 15 - Prob. 2QCh. 15 - Prob. 3Q
Ch. 15 - Prob. 4QCh. 15 - Prob. 5QCh. 15 - Prob. 6QCh. 15 - Prob. 7QCh. 15 - Prob. 8QCh. 15 - Prob. 9QCh. 15 -
14-10 If the Accounts Receivable balance...Ch. 15 - Prob. 11QCh. 15 - Prob. 12QCh. 15 - Prob. 1F15Ch. 15 - Ravenna Company is a merchandiser that uses the...Ch. 15 - Prob. 3F15Ch. 15 - Prob. 4F15Ch. 15 - Prob. 5F15Ch. 15 - Prob. 6F15Ch. 15 - Ravenna Company is a merchandiser that uses the...Ch. 15 - Prob. 8F15Ch. 15 - Prob. 9F15Ch. 15 - Prob. 10F15Ch. 15 - Prob. 11F15Ch. 15 - Prob. 12F15Ch. 15 - Prob. 13F15Ch. 15 - Prob. 14F15Ch. 15 - Prob. 15F15Ch. 15 - Prob. 1ECh. 15 - EXERCISE 14-2 Net Cash Provided by Operating...Ch. 15 - Prob. 3ECh. 15 - Prob. 4ECh. 15 - Prob. 5ECh. 15 - Prob. 6ECh. 15 - Prob. 7PCh. 15 - Prob. 8PCh. 15 - Prob. 9PCh. 15 - Prob. 10PCh. 15 - Prob. 11PCh. 15 - Prob. 12PCh. 15 - Prob. 13PCh. 15 - Prob. 14P
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