he curent sections of Saasota CorpS balance sheets at December 31, 2016 and 2017, are presented here. Sarasota Corp.'s net income for 2017 wras $154,071. Depreriation expense was $27, 89.20172016Curvent assesCash$105,735$ 99,693Accounts receivable80,56089,623Bventory169,176173,204Propaid expenses27,18922,154Total current assets$382,660$384,674Current labilitiesaeed sasuadbo pan$ 15,105$ 5,03585,59592,644Total current liabilities$100,700$ 97,679Prepare the net cash provided (used) by operating activities section of the company's statement of cash flows for the year ended December 31, 2017, using the indirect method. (Show amounts that decrease cash low swith either aSarasota Corp.Partial Statement of Cash FlowsFor the Year Ended December 31, 2017Net Cash used by Operating ActivitiesNet Income154071Adjustments to reconcile net income toTet Cash Provided by Operating Activities YDepreciation Expense27189Decrease in Accounts Receivable(89623)DecreaseInventory173204Decrease in Prepaid Expenses(22154)15105horesse Acerued Expenses Payable(85595)Accounts Payable586074740145Cash Floves from Operating ActivitiesClick if you would like to Show Work for this question: 20<. The cureent sections of Satsola Corp balance sheets at December 31, 2016 and 2017, are presented bese. Sarasota Corp.s net income for 2017 was $154,071. Depeecialion expe20172016Cuvent acsebs$105,735$99,693Accounts eceivable80,56089,623ventory169,176173,204Propaid experses27,18922,154Total current assets$382,660$384,674Current BabiditiesAccrued expeses payable$ 15,105$ 5,035Accounts payable85,59592,644Total current liabilities$100,700$ 97,679Prepare the net cash provided (used) by operating activities section of the company's statement of cash flows for the year ended December 31, 2017, using the indirect method. (Show ansounts that decreae cads eSarasota Corp.Partial Statement of Cash FlowsFor the Year Ended December 31, 2017Net Cash used by Operating Activities154071Net IncomeAdjustments to reconcile net income toet Cash Provided by Operating Activities v27189Depreciation ExpenseDecrease in Acrounts Receivable(89623)173204Decrease inInventory(22154)Decrease in Prepaid Expenses15105re ActdErpenses Payable V(85595)s Peyable546074Cosh tous frgim Operting Antvek it you weuld like to Shorw Work for this questiont A

Name: he curent sections of Saasota CorpS balance sheets at December 31, 20
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Description: he curent sections of Saasota CorpS balance sheets at December 31, 2016 and 2017, are presented here. Sarasota Corp.'s net income for 2017 wras $154,071. Depreriation expense was $27, 89.20172016Curvent assesCash$105,735$ 99,693Accounts receivable80

Cash flow from operating activities is a section in Cash Flow Statememt which shows all cash inflows…

Business

Accounting

the caprent sectioves of Saasola CorpS hallance sheels alt December 31, 2016 and 2017, are presevted here. Sarasota Corp.s net income for 2017 was $154,071. Depreriation espeme as 27, 2017 2016 Curvent anses Cne $10s,735 $99,693 Accoonts receivable 80,560 89,623 Iwentory 169,176 173,204 Prepaid expenses 27,189 22,154 Total current assets $382,660 $384,674 Carvent Babilities Accrued expenses payable $ 15,105 $ 5,035 Accounts payable 85,595 92,644 Total current labilities $100,700 $ 97,679 Prepare the net cash provided (used) by operating activities section of the company's statement of cash flovs for the year ended December 31, 2017, using the indirect method. (Show amounts that decrease cash ith cther Sarasota Corp. Partial Statement of Cash Flows For the Year Ended December 31, 2017 Net Cash used by Operating Activities Net Income 154071 Adjustments to reconcile net income to t Cash Provided by Operating Activities V Depreciation Expense 27189 Decrease in Accounts Receivable (89623) 10 Dhecnesse 173204 Inventory Decrease in Prepaid Expenses (22154) 15105 ncressein Aconued penses PayableY (85595 Der c s Pble 386074 740145 Cash Pows froen Opereting Actives Click f you would ike to Shoow Work for this question:

the caprent sectioves of Saasola CorpS hallance sheels alt December 31, 2016 and 2017, are presevted here. Sarasota Corp.s net income for 2017 was $154,071. Depreriation espeme as 27, 2017 2016 Curvent anses Cne $10s,735 $99,693 Accoonts receivable 80,560 89,623 Iwentory 169,176 173,204 Prepaid expenses 27,189 22,154 Total current assets $382,660 $384,674 Carvent Babilities Accrued expenses payable $ 15,105 $ 5,035 Accounts payable 85,595 92,644 Total current labilities $100,700 $ 97,679 Prepare the net cash provided (used) by operating activities section of the company's statement of cash flovs for the year ended December 31, 2017, using the indirect method. (Show amounts that decrease cash ith cther Sarasota Corp. Partial Statement of Cash Flows For the Year Ended December 31, 2017 Net Cash used by Operating Activities Net Income 154071 Adjustments to reconcile net income to t Cash Provided by Operating Activities V Depreciation Expense 27189 Decrease in Accounts Receivable (89623) 10 Dhecnesse 173204 Inventory Decrease in Prepaid Expenses (22154) 15105 ncressein Aconued penses PayableY (85595 Der c s Pble 386074 740145 Cash Pows froen Opereting Actives Click f you would ike to Shoow Work for this question:

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

Chapter12: Intangibles

Section: Chapter Questions

Problem 10MC

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The current sections of Teal Mountain Inc.’s balance sheets at December 31, 2016 and 2017, are presented here. Teal Mountain Inc.’s net income for 2017 was $156,366. Depreciation expense was $27,594. 2017 2016Current assets Cash $107,310 $ 101,178Accounts receivable 81,760 90,958Inventory 171,696 175,784Prepaid expenses 27,594 22,484Total current assets $388,360 $390,404Current liabilities Accrued expenses payable $ 15,330 $ 5,110Accounts payable 86,870 94,024Total current liabilities $102,200 $ 99,134 Prepare the net cash provided (used) by operating activities section of the company’s statement of cash flows for the year ended December 31, 2017, using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
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The current sections of Riverbed Corp’s balance sheets at December 31, 2021 and 2022, are presented here. Riverbed Corp’s net income for 2022 was $355,600. Depreciation expense was $58,800. 2022 2021 Current assets    Cash $86,800 $ 124,600    Accounts receivable 119,000 96,600    Inventory 109,200 86,800    Prepaid expenses 23,800 26,600 Total current assets $338,800 $334,600 Current liabilities    Accrued expenses payable $ 8,400 $ 22,400    Accounts payable 123,200 100,800 Total current liabilities $131,600 $ 123,200 Prepare the net cash provided by operating activities section of the company’s statement of cash flows for the year ended December 31, 2022, using the indirect method.