The list includes all balance sheet accounts related to cash from operating activities. Case XCase YCase ZNet income$5,800 $146,000 $105,600 Depreciation expense 43,600 11,600 35,200 Accounts receivable increase (decrease) 58,200 29,000 (5,800)Inventory increase (decrease) (29,200) (14,600) 14,600 Accounts payable increase (decrease) 35,000 (32,200) 20,400 Accrued liabilities increase (decrease) (64,200) 17,600 (11,600) For each of the above separate cases X, Y, and Z, compute cash flows from operations using the indirect method. (Amounts to be deducted should be indicated by a minus sign.)

Cash flow statement: In a company's financial accounts, a cash flow statement is one of the most…

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Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter21: The Statement Of Cash Flows

Section: Chapter Questions

Problem 5RE: In the current year, Harrisburg Corporation had net income of 35,000, a 9,000 decrease in accounts...

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The list includes all balance sheet accounts related to cash from operating activities.

	Case X	Case Y	Case Z
Net income	$	5,800		$	146,000		$	105,600
Depreciation expense		43,600			11,600			35,200
Accounts receivable increase (decrease)		58,200			29,000			(5,800	)
Inventory increase (decrease)		(29,200	)		(14,600	)		14,600
Accounts payable increase (decrease)		35,000			(32,200	)		20,400
Accrued liabilities increase (decrease)		(64,200	)		17,600			(11,600	)

For each of the above separate cases X, Y, and Z, compute cash flows from operations using the indirect method. (Amounts to be deducted should be indicated by a minus sign.)

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