CourseLover

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About CourseLover

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Architecture and Design,Art & Design,Biology,Business & Finance,Calculus,Chemistry,Engineering,Health & Medical,HR Management,Law,Marketing,Math,Physics,Psychology,Programming,Science Hide all
Teaching Since: May 2017
Last Sign in: 293 Weeks Ago, 1 Day Ago
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Education

  • MCS,MBA(IT), Pursuing PHD
    Devry University
    Sep-2004 - Aug-2010

Experience

  • Assistant Financial Analyst
    NatSteel Holdings Pte Ltd
    Aug-2007 - Jul-2017

Category > Management Posted 21 Dec 2017 My Price 10.00

Preparing a Schedule of Cash Flows

 

1.Preparing a Schedule of Cash Flows from Operating Activities: Indirect Method E4A. For the year ended June 30, 2014, net income for Flake Corporation was $14,800. Depreciation expense was $4,000. During the year, Accounts Receivable increased by $8,800, Inventories increased by $14,000, Prepaid Rent decreased by $2,800, Accounts Payable increased by $28,000, Salaries Payable increased by $2,000, and Income Taxes Payable decreased by $1,200. Use the indirect method to prepare a schedule of cash flows from operating activities.

 

2.Computing Cash Flows from Operating Activities: Indirect Method E3A. During 2014, Ortega Corporation had net income of $82,000. Included on its income statement were depreciation expense of $4,600 and amortization expense of $600. During the year, Accounts Receivable increased by $6,800, Inventories decreased by $3,800, Prepaid Expenses decreased by $400, Accounts Payable increased by $10,000, and Accrued Liabilities decreased by $900. Determine net cash flows from operating activities using the indirect method.

Answers

CourseLover
(12)
Status NEW Posted 21 Dec 2017 02:12 PM My Price 10.00

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