Prepare Cash flows from Operating Activities> Increase in accounts receivable300,000> Decrease in income tax payable> Depreciation> Net income> Gain on sale of equipment> Loss on sale of building170,0001,000,000250,000440,000210,000

Introduction: Statement of cash flows: All cash in and outflows are shown in Statement of cash…

Prepare Cash flows from Operating Activities > Increase in accounts receivable P 300,000 > Decrease in income tax payable > Depreciation 170,000 1,000,000 Net income 250,000 > Gain on sale of equipment 440,000

Prepare Cash flows from Operating Activities > Increase in accounts receivable P 300,000 > Decrease in income tax payable > Depreciation 170,000 1,000,000 Net income 250,000 > Gain on sale of equipment 440,000

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter4: Accounting For Retail Operations

Section: Chapter Questions

Problem 4.6.2P

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Question

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Prepare Cash flows from Operating Activities
> Increase in accounts receivable
300,000
> Decrease in income tax payable
> Depreciation
> Net income
> Gain on sale of equipment
> Loss on sale of building
170,000
1,000,000
250,000
440,000
210,000

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