Question

The two independent cases are listed below: 1.66 points Skipped 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 Case A Year 2 Year 1 $11,000 $9,000 6,000 5,500 5,000 3,500 1,000 1,000 2,500 2,000 1,500 500 400 750 500 800 700 1,000 1,200 Case B Year 2 Year 1 $21,000 $18,000 12,000 11,000 9,000 7,000 1,500 1,500 5,000 5,000 2,500 500 750 600 730 800 800 850 200 250 300 eBook Print Show the operating activities section of the statement of cash flows for year 2 using the indirect m should be indicated with a minus sign.) References Case A Case B Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities Changes in Assets and Liabilities 1 $ 0 $ 0

Answer 1

STATEMENT OF CASH FLOW
	CASE A	CASE B
Net income	$                1,500	$                2,500
Cash flows from operating activities
Adjustment to reconcile Net income to net cash provided by operating activities
Depreciation Expenses	$                1,000	$                1,500
Changes in Operating assets and liabilities:
(Increase ) Decrease in Account receivables	$                   100	$                  -150
Decrease / (Increase) in Inventory	$                  -250	$                      70
Accounts payable Increase / ( Decrese)	$                   100	$                    -50
Salary and Wages payable Increase / ( Decrese)	$                  -200	$                    -50
Net cash from operating activities	$                2,250	$                3,820