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Excel SIM: Prepare the Operating Activities Section of a Statement of Cash Flows using the Indirect Method Does it need to be typed in by a formula? Please help. Prepare a schedule of net cash provided by operating activities. Prepare the Operating Activities Section of a Statement of Cash Flows using the Indire...? 1 FILE HOME INSERT PAGE LAYOUT Calibri 11 Α' Α' 34 Paste BIU points Clipboard Б Font E36 X fx eBook A B с FORMULAS DATA % REVIEW VIEW Alignment Number Conditional Format as Cell Formatting Table Styles Styles D Cells Editing E F G H 1 The following information is for FloorCo, Inc. for the year just ended: 2 Print 3 End of year Beginning of year References 5 Current assets: 6 Cash $ 75,000 $ 90,000 7 Accounts receivable 158,000 140,000 8 Inventory 285,000 246,000 9 Prepaid expenses 11,000 16,000 10 11 Current liabilities 12 Accounts payable 284,000 302,000 13 Accrued liabilities 9,500 11,200 14 Income taxes payable 27,000 24,000 15 16 Net income $ 94,500 17 18 Accumulated depreciation 19 total credits $ 45,000 20 21 Floor Company did not record any naine or losses during the year Sign In = | v 20 21 Floor Company did not record any gains or losses during the year. 22 23 Prepare a schedule of net cash provided by operating activities. 24 25 26 27 FloorCo, Inc. Operating Activities Section of the Statement of Cash Flows 28 Net income 29 Adjustments to reconcile net income to net cash provided by operations: Depreciation 30 31 Increase in accounts receivable 32 Increase in inventory 33 Decrease in prepaid expenses 34 Decrease in accounts payable 35 Decrease in accrued liabilities 36 Increase in income taxes payable 37 38 39 40 41 Net cash provided by operating activities READY Attempt(s) 3/3 Sheet1 回 Π + 100% Hint Show Mo

Excel SIM: Prepare the Operating Activities Section of a Statement of Cash Flows using the Indirect Method Does it need to be typed in by a formula? Please help. Prepare a schedule of net cash provided by operating activities. Prepare the Operating Activities Section of a Statement of Cash Flows using the Indire...? 1 FILE HOME INSERT PAGE LAYOUT Calibri 11 Α' Α' 34 Paste BIU points Clipboard Б Font E36 X fx eBook A B с FORMULAS DATA % REVIEW VIEW Alignment Number Conditional Format as Cell Formatting Table Styles Styles D Cells Editing E F G H 1 The following information is for FloorCo, Inc. for the year just ended: 2 Print 3 End of year Beginning of year References 5 Current assets: 6 Cash $ 75,000 $ 90,000 7 Accounts receivable 158,000 140,000 8 Inventory 285,000 246,000 9 Prepaid expenses 11,000 16,000 10 11 Current liabilities 12 Accounts payable 284,000 302,000 13 Accrued liabilities 9,500 11,200 14 Income taxes payable 27,000 24,000 15 16 Net income $ 94,500 17 18 Accumulated depreciation 19 total credits $ 45,000 20 21 Floor Company did not record any naine or losses during the year Sign In = | v 20 21 Floor Company did not record any gains or losses during the year. 22 23 Prepare a schedule of net cash provided by operating activities. 24 25 26 27 FloorCo, Inc. Operating Activities Section of the Statement of Cash Flows 28 Net income 29 Adjustments to reconcile net income to net cash provided by operations: Depreciation 30 31 Increase in accounts receivable 32 Increase in inventory 33 Decrease in prepaid expenses 34 Decrease in accounts payable 35 Decrease in accrued liabilities 36 Increase in income taxes payable 37 38 39 40 41 Net cash provided by operating activities READY Attempt(s) 3/3 Sheet1 回 Π + 100% Hint Show Mo

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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Excel SIM: Prepare the Operating Activities Section of a Statement of Cash Flows using the Indirect Method Does it need to be typed in by a formula? Please help. Prepare a schedule of net cash provided by operating activities. Prepare the Operating Activities Section of a Statement of Cash Flows using the Indire...? 1 FILE HOME INSERT PAGE LAYOUT Calibri 11 Α' Α' 34 Paste BIU points Clipboard Б Font E36 X fx eBook A B с FORMULAS DATA % REVIEW VIEW Alignment Number Conditional Format as Cell Formatting Table Styles Styles D Cells Editing E F G H 1 The following information is for FloorCo, Inc. for the year just ended: 2 Print 3 End of year Beginning of year References 5 Current assets: 6 Cash $ 75,000 $ 90,000 7 Accounts receivable 158,000 140,000 8 Inventory 285,000 246,000 9 Prepaid expenses 11,000 16,000 10 11 Current liabilities 12 Accounts payable 284,000 302,000 13 Accrued liabilities 9,500 11,200 14 Income taxes payable 27,000 24,000 15 16 Net income $ 94,500 17 18 Accumulated depreciation 19 total credits $ 45,000 20 21 Floor Company did not record any naine or losses during the year Sign In = | v
Transcribed Image Text:Excel SIM: Prepare the Operating Activities Section of a Statement of Cash Flows using the Indirect Method Does it need to be typed in by a formula? Please help. Prepare a schedule of net cash provided by operating activities. Prepare the Operating Activities Section of a Statement of Cash Flows using the Indire...? 1 FILE HOME INSERT PAGE LAYOUT Calibri 11 Α' Α' 34 Paste BIU points Clipboard Б Font E36 X fx eBook A B с FORMULAS DATA % REVIEW VIEW Alignment Number Conditional Format as Cell Formatting Table Styles Styles D Cells Editing E F G H 1 The following information is for FloorCo, Inc. for the year just ended: 2 Print 3 End of year Beginning of year References 5 Current assets: 6 Cash $ 75,000 $ 90,000 7 Accounts receivable 158,000 140,000 8 Inventory 285,000 246,000 9 Prepaid expenses 11,000 16,000 10 11 Current liabilities 12 Accounts payable 284,000 302,000 13 Accrued liabilities 9,500 11,200 14 Income taxes payable 27,000 24,000 15 16 Net income $ 94,500 17 18 Accumulated depreciation 19 total credits $ 45,000 20 21 Floor Company did not record any naine or losses during the year Sign In = | v
20 21 Floor Company did not record any gains or losses during the year. 22 23 Prepare a schedule of net cash provided by operating activities. 24 25 26 27 FloorCo, Inc. Operating Activities Section of the Statement of Cash Flows 28 Net income 29 Adjustments to reconcile net income to net cash provided by operations: Depreciation 30 31 Increase in accounts receivable 32 Increase in inventory 33 Decrease in prepaid expenses 34 Decrease in accounts payable 35 Decrease in accrued liabilities 36 Increase in income taxes payable 37 38 39 40 41 Net cash provided by operating activities READY Attempt(s) 3/3 Sheet1 回 Π + 100% Hint Show Mo
Transcribed Image Text:20 21 Floor Company did not record any gains or losses during the year. 22 23 Prepare a schedule of net cash provided by operating activities. 24 25 26 27 FloorCo, Inc. Operating Activities Section of the Statement of Cash Flows 28 Net income 29 Adjustments to reconcile net income to net cash provided by operations: Depreciation 30 31 Increase in accounts receivable 32 Increase in inventory 33 Decrease in prepaid expenses 34 Decrease in accounts payable 35 Decrease in accrued liabilities 36 Increase in income taxes payable 37 38 39 40 41 Net cash provided by operating activities READY Attempt(s) 3/3 Sheet1 回 Π + 100% Hint Show Mo
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