M12-12 Computing Cash Flows from Operating Activities (Direct Method) [LO 12-6]
Case A Case B Case C
| Sales revenue | $ | 72,000 | $ | 62,000 | $ | 103,000 | ||||||
| Cost of goods sold | 38,500 | 29,500 | 68,900 | |||||||||
| Depreciation expense | 10,700 | 2,700 | 26,700 | |||||||||
| Salaries and wages expense | 5,700 | 13,700 | 8,700 | |||||||||
| Net income (loss) | 17,100 | 16,100 | (1,300 | ) | ||||||||
| Accounts receivable increase (decrease) | (1,100 | ) | 4,700 | 3,700 | ||||||||
| Inventory increase (decrease) | 2,700 | 0 | (3,700 | ) | ||||||||
| Accounts payable increase (decrease) | 0 | 3,200 | (1,100 | ) | ||||||||
| Salaries and wages payable increase (decrease) | 1,850 | (2,700 | ) | 1,100 |
Compute cash flows from operating activities using the direct method
Case A Case B Case C Cash Collected from Customers Cash Payments to Suppliers Cash Payments for Salaries and Wages Net Cash Provided by Operating Activities |
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M12-12 Computing Cash Flows from Operating Activities (Direct Method) [LO 12-6]
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