Question

The independent cases are listed below includes all balance sheet accounts related to operating activities:

Answer 1

Answer:

Explanation:

Cash flow from operating activities:

Case A Case B Case C

Net Income 3,03,000 11,500 4,13,000

Depreciation Expense 33,000 1,43,000 73,000

Accounts Receivable increase(decrease) -86,000 1,93,000 13,000

Inventory increase(decrease) 43,000 -28,000 -43,000

Accounts Payable increase(decrease) -43,000 1,13,000 63,000

Accrued Liabilities increase(decrease) 53,000 -2,13,000 -33,000

Net Cash provided by Operating activities 3,03,000 2,19,500 4,86,000

Answer 2

Answer:

See answer and explanation below.

Explanation:

Details                                         Case A ($)      Case B ($)      Case C ($)

Net income                                   303,000            11,500         413,000

Depreciation expense                   33,000          143,000          73,000

Changes in Assets and Liab.:

Accounts receivable                    (86,000)         193,000           13,000

Inventory                                        43,000          (28,000)         (43,000)

Accounts payable                         (43,000)         113,000           63,000

Accrued liabilities                          53,000         (213,000)       (33,000)

Net Cash from Operating Act.   303,000         219,500       486,000