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lara31 [8.8K]
3 years ago
12

​Serenity, Inc.'s Receivable increased by $ 43 comma 000 and its Accounts Payable increased by $ 23 comma 000. What is the net e

ffect on cash from operations under the indirect​ method?
Business
1 answer:
Shalnov [3]3 years ago
4 0

Answer:

A net cash outflow or cash used up of $20,000

Explanation:

The statement of cash flows show the movement in cash balances between the start and end of an accounting period. This movement is as a result of 3 groups of activities namely; operating, investing and financing activities.

Cash activities related to elements of working capital are recognized in the operating section. An increase in a current asset other than cash is treated as an out flow of cash while an increase in a current liability is treated as an inflow of cash and vice versa.

Hence the net effect on cash from operations under the indirect​ method

= -$43,000 + $23,000

= -$20,000

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