Question

CALCULATOR PRINTER VERSION ultiple Choice Question 111 plish Brothers Inc. reported a net loss of $12600 for the year ended December 31, 2017. During the year accounts receivable decreased 56300, inventorying 510080, accounts payable increased by $12600, and depreciation expense of $7560 was recorded. During 2017, operating activities O provided net cash of $3780. O provided net cash of $8820. O used net cash of $3780. O used net cash of $8820. Click if you would like to Show Work for this question: Open Show Work

Answer 1

Solution Splish Brothers Inc Partial statements of cash Howz Amount Amount (12600) Particulars Cash flow from operating activities: Net Income Lloss) Adjustment to reconcile Net Income to Net cash provided by operating activities Add: Depreciation expense Addo Decrease in Accounts receivable Add: Increase an Accounts payable tesse Increase in Inventory Net cash flow used in operating 7560 6300 12600 1,10080) activities - 1 16380 3780

200000 40000 - 10000 - Net Income Depreciation expense Gain on sale of land Decrease in accounts receivable I decrease in accounts payable Cash provided by operating activities 20000 - 30000 220000