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Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
ISBN: 9781337690881

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Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
ISBN: 9781337690881
Textbook Problem
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Determining Net Cash Flow from Operating Activities

Presented below are selected balance sheet information and the income statement for Burch Company.

Chapter 11, Problem 29BE, Determining Net Cash Flow from Operating Activities Presented below are selected balance sheet

Required:

Compute the net cash flows from operating activities using the indirect method.

To determine

Introduction:

A cash flow statement is a financial statement that gives aggregate data regarding all cash inflows a company gets from its continuous operations and external venture sources, as well as all cash outflows that pay for business activities and speculations amid a given period.

To choose:

Compute the net cash flow from operating activity using the indirect method.

Explanation
Particular Detail ($) Amount ($)
Net income as per income statement
Add: Tax expense
Add: Depreciation
Operating profit before working capital changes
Less: increase of accounts receivable
Add: Decrease of inventory
Add increase of accounts payable
Cash generated from operation before tax
Less: Income tax paid
Cash received form operation

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