Darwin Company, a manufacturer, has provided the following information pertaining to its recent year of operation:...
Darwin Company, a manufacturer, has provided the following information pertaining to its recent year of operation:
- Net income, $205,000
- Accounts receivable increased $18,500
- Prepaid insurance increased $7,500
- Depreciation expense was $27,500
- Loss on sale of a building was $22,500
- Wages payable increased $14,500
- Unearned revenue decreased $23,500
Using the indirect method, how much was Darwin's net cash provided by operating activities?
$190,000.
$175,000.
$237,000.
$220,000.
Homework Answers
| Cash Flow Statement (Indirect Method) | |
| For the Year ended | |
| Particulars | Amount $ |
| Cash Flow from Operating Activities | |
| Net Income | 205000 |
| Adjustments | |
| Add: Depreciation | 27500 |
| Add: Loss on sale of Building | 22500 |
| increase in Accounts Receivable | -18500 |
| Decrease in Unerned Revenue | -23500 |
| Increase in Prepaid expense | -7500 |
| Increase in Wages Payable | 14500 |
| Total Cash Flow from Operating Activities | 220000 |
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