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4 years ago

The list includes all balance sheet accounts related to cash from operating activities.

Business

1 answer:

ANTONII [103]4 years ago

6 0

Answer: Please see answers in explanation column

Explanation:

Using the indirect method.

Balance Sheet Accounts Case X Case Y Case Z

Net Income $4,000 $100,000 $72,000

Adjustments to reconcile net income to net cash provided by operations:

Depreciation $30,000 $8,000 $24,000

Account Receivables $-40,000 $-20,000 $4,000

Inventory $20,000 $10,000 -$10,000

Account Payable $24,000 -$22,000 $14,000

Accrued Liability -$44,000 $12,000 -$8000

Cash Flows from operating

activities -$6,000 $88,000 $96,000

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Answer:

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According to the scenario, the given data are as follows:

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3 years ago

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