Question

Score: 0 of 10 pts 6 of 6 (0 complete) E11-14A (similar to) The August accounting records of Tarton & Associates include these accounts: E: (Click the icon to view the accounts.) Requirement 1. Compute Tarton & Associates' net cash provided by operating activities during August. Use the indirect method. (Use parentheses or a minus sign for numbers to be subtracted.) 0 Data Table Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash provided by used for) operating activities: 455,000 Aug 1 Receipts Aug 31 Cash 13,000 Payments 452,000 10,000 Aug 1 Sales Aug 31 Accounts receivable 20,000 Collections 452,000 445,000 13,000 | Net cash provided by (used for) operating activities 446,000 Payments 14,000 Aug 1 Purchases Aug 31 Inventory 22,000 Cost of goods sold 448,000 24,000 Accounts payable 437,000 Aug 1 Purchases Aug 31 448,000 25,000 Accumulated depreciation Dividends Aug 1 Depreciation expense Aug 31 46,000 10,000 56,000 Retained earnings 15,000 Aug 1 Net income Aug 31 65,000 50,000 100,000 Print Done Choose from any list or enter any number in the input fields and then click Check Answer.

Answer 1

Tarton and associates
Cash Flow Statement - Indirect Method
Cash flow from Operating Activities
Net Income	50000
Adjustments to reconcile Net Income to net cash flow from operating activities
Depreciation	10000
Decrease in Accounts Receivable ( 20000 - 13000 )	7000
INcrease in Inventory ( 24000 - 22000 )	-2000
Increase in Accounts payable ( 25000 - 14000 )	11000
Net Cash From Operating Activities	76000