The independent cases are listed below includes all balance sheet accounts related to operating activities:Case ACase BCase C$ 15,000$420,00080,000(20,000)50,00070,000(40,000)Net income$310,000Depreciation expenseAccounts receivable increase (decrease)Inventory increase (decrease)Accounts payable increase (decrease)Accrued liabilities increase (decrease)40,000100,000(50,000)(50,000)150,000(200,000)35,000120,000(220,000)60,000Show the operating activities section of cash flows for each of the given cases. (Amounts to be deducted should be indicated with aminus sign.)Case ACase BCase CNet IncomeAdjustments to Reconcile Net Income to NetCash Provided by Operating ActivitiesDepreciationChanges in Assets and LiabilitiesAccounts ReceivableInventoryAccounts PayableAccrued LiabilitiesNet Cash Provided by Operating Activities

The independent cases are listed below includes all balance sheet accounts related to operating activities: Case A Case B Case C $310,000 $ 15,000 $420,000 150,000 (200,000) (20,000) 35,000 120,000 (220,000) (40,000) Net income Depreciation expense Accounts receivable increase (decrease) Inventory increase (decrease) Accounts payable increase (decrease) Accrued liabilities increase (decrease) 40,000 100,000 (50,000) (50,000) 60,000 80,000 50,000 70,000 Show the operating activities section of cash flows for each of the given cases. (Amounts to be deducted should be indicated with a minus sign.) Case A Case B Case C Net Income Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities Depreciation Changes in Assets and Liabilities Accounts Receivable Inventory Accounts Payable Accrued Liabilities Net Cash Provided by Operating Activities

The independent cases are listed below includes all balance sheet accounts related to operating activities: Case A Case B Case C $310,000 $ 15,000 $420,000 150,000 (200,000) (20,000) 35,000 120,000 (220,000) (40,000) Net income Depreciation expense Accounts receivable increase (decrease) Inventory increase (decrease) Accounts payable increase (decrease) Accrued liabilities increase (decrease) 40,000 100,000 (50,000) (50,000) 60,000 80,000 50,000 70,000 Show the operating activities section of cash flows for each of the given cases. (Amounts to be deducted should be indicated with a minus sign.) Case A Case B Case C Net Income Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities Depreciation Changes in Assets and Liabilities Accounts Receivable Inventory Accounts Payable Accrued Liabilities Net Cash Provided by Operating Activities

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter16: Statement Of Cash Flows

Section: Chapter Questions

Problem 21E

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