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Sales Revenue Cost of Goods Sold Gross Profit Depreciation Expense Salaries and Wages Expense Net Income Accounts Receivable: Inventory Accounts Payable Salaries and Wages Payable Net Income Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities Changes in Assets and Liabilities Case A Year 2 $ 11,000 6,000 5,000 1,000 2,500 $1,500 $ 300 750 800 1,000 Case A Year 1 $ 9,000 5,500 3,500 1,000 2,000 $ 500 $ 400 500 700 1,200 Case B Case Year 2 $ 21,000 12,000 9,000 1,500 5,000 $ 2,500 Required: Show the operating activities section of the statement of cash flows for year 2 using the indirect method. (Amoun should be indicated with a minus sign.) $750 730 800 200 B Year 1 $18,000 11,000 7,000 1,500 5,000 $ 500 $ 600 800 850 250

Sales Revenue Cost of Goods Sold Gross Profit Depreciation Expense Salaries and Wages Expense Net Income Accounts Receivable: Inventory Accounts Payable Salaries and Wages Payable Net Income Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities Changes in Assets and Liabilities Case A Year 2 $ 11,000 6,000 5,000 1,000 2,500 $1,500 $ 300 750 800 1,000 Case A Year 1 $ 9,000 5,500 3,500 1,000 2,000 $ 500 $ 400 500 700 1,200 Case B Case Year 2 $ 21,000 12,000 9,000 1,500 5,000 $ 2,500 Required: Show the operating activities section of the statement of cash flows for year 2 using the indirect method. (Amoun should be indicated with a minus sign.) $750 730 800 200 B Year 1 $18,000 11,000 7,000 1,500 5,000 $ 500 $ 600 800 850 250

Financial Accounting: The Impact on Decision Makers
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter5: Inventories And Cost Of Goods Sold
Section: Chapter Questions
Problem 5.17E
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Sales Revenue Cost of Goods Sold Gross Profit Depreciation Expense Salaries and Wages Expense Net Income Accounts Receivable. Inventory Accounts Payable Salaries and Wages Payable Net Income: Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities Changes in Assets and Liabilities Case A Year 2 $ 11,000 6,000 5,000 1,000 2,500 $1,500 $ 300 750 800 1,000 Case A Year 1 $ 9,000 5,500 3,500 1,000 2,000 $ 500 Case B $ 400 500 700 1,200 I... Case Year 2 $ 21,000 12,000 9,000 1,500 5,000 $ 2,500 Required: Show the operating activities section of the statement of cash flows for year 2 using the indirect method. (Amoun should be indicated with a minus sign.) $750 730 800 200 B Year 1 $ 18,000 11,000 7,000 1,500 5,000 $ 500 $ 600 800 850 250
Transcribed Image Text:Sales Revenue Cost of Goods Sold Gross Profit Depreciation Expense Salaries and Wages Expense Net Income Accounts Receivable. Inventory Accounts Payable Salaries and Wages Payable Net Income: Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities Changes in Assets and Liabilities Case A Year 2 $ 11,000 6,000 5,000 1,000 2,500 $1,500 $ 300 750 800 1,000 Case A Year 1 $ 9,000 5,500 3,500 1,000 2,000 $ 500 Case B $ 400 500 700 1,200 I... Case Year 2 $ 21,000 12,000 9,000 1,500 5,000 $ 2,500 Required: Show the operating activities section of the statement of cash flows for year 2 using the indirect method. (Amoun should be indicated with a minus sign.) $750 730 800 200 B Year 1 $ 18,000 11,000 7,000 1,500 5,000 $ 500 $ 600 800 850 250
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