
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
expand_more
expand_more
format_list_bulleted
Question
PLEASE USE EXCEL AND SHOW FORMULAS! ALSO, SHOW YOUR WORK.

Transcribed Image Text:Function: SUM; Formula: Add, Subtract; Cell Referencing
Using Excel to Calculate Operating Cash Flows
PROBLEM
The comparative balance sheets for Gale Company show these
changes in noncash current asset accounts and net income for the
period.
Accounts receivable decrease
Prepaid expenses increase
Inventories increase
Net income
$80,000
28,000
40,000
186,000
Student Work Area
Required: Provide input into cells shaded in yellow in this
template. Use mathematical formulas with cell references to the
Problem area. Use the SUM function with cell references to this
work area for the total.
Compute net cash provided by operating activities using the
indirect method.
Net income
Adjustments to reconcile net income to net
cash provided by operating activities
Net cash provided by operating activities
$186,000
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution
Trending nowThis is a popular solution!
Step by stepSolved in 3 steps with 2 images

Follow-up Questions
Read through expert solutions to related follow-up questions below.
Follow-up Question
USE MATHEMATICAL FORMULAS SUCH AS THE SUM FUNCTION, YOU CLEARLY DIDN'T SHOW YOU USED ANY FUNCTIONS.
Solution
by Bartleby Expert
Follow-up Questions
Read through expert solutions to related follow-up questions below.
Follow-up Question
USE MATHEMATICAL FORMULAS SUCH AS THE SUM FUNCTION, YOU CLEARLY DIDN'T SHOW YOU USED ANY FUNCTIONS.
Solution
by Bartleby Expert
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Similar questions
- how do you calculat mpg in excel?arrow_forwardEducate these stakeholders on the advantages of utilizing a spreadsheet solution and how simple it was to process data in order to generate the information provided in the report in Excelarrow_forwardHow do you make a two-dimensional columnar chart in excel?arrow_forward
- When should you use Power BI Services?arrow_forwardCreate a SQL table using your name with the following features: the columns of your table must include, at least the data types (in this order) and one more of your choice NOTE: You need to specify a 2 column (i.e 2 attribute 1. varchar (n), // where n covers the string length you want to enter 2. Int, 3. decimal, (precision = 8, scale = 3 4. date. 5. ??? your choice here ??? Table constraints: 1. It has a two column primary key 2. a check constraint on 2 columns, on the decimal and the date field 3. Use '2024-02-18' date as the default on the date field 5. write down your relational schema 5. Create the table, insert at least 4 rows, and do a Select * to show them example don't just copy these, change the constraint namesarrow_forwardHi can you show how to input in excel using the pmt formula thank you so mucharrow_forward
arrow_back_ios
arrow_forward_ios
Recommended textbooks for you
- AccountingAccountingISBN:9781337272094Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.Publisher:Cengage Learning,Accounting Information SystemsAccountingISBN:9781337619202Author:Hall, James A.Publisher:Cengage Learning,
- Horngren's Cost Accounting: A Managerial Emphasis...AccountingISBN:9780134475585Author:Srikant M. Datar, Madhav V. RajanPublisher:PEARSONIntermediate AccountingAccountingISBN:9781259722660Author:J. David Spiceland, Mark W. Nelson, Wayne M ThomasPublisher:McGraw-Hill EducationFinancial and Managerial AccountingAccountingISBN:9781259726705Author:John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting PrinciplesPublisher:McGraw-Hill Education


Accounting
Accounting
ISBN:9781337272094
Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:Cengage Learning,

Accounting Information Systems
Accounting
ISBN:9781337619202
Author:Hall, James A.
Publisher:Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis...
Accounting
ISBN:9780134475585
Author:Srikant M. Datar, Madhav V. Rajan
Publisher:PEARSON

Intermediate Accounting
Accounting
ISBN:9781259722660
Author:J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:McGraw-Hill Education

Financial and Managerial Accounting
Accounting
ISBN:9781259726705
Author:John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:McGraw-Hill Education