Question

The records of Contemporary Color Engraving reveal the following Net income Sales revenue Loss on sale of land Acquisition of land Compute cash flows from operating activities by the indirect method for year ended December 31, 2016. (Use parentheses or a mi $ 7,000 21,000 6,000 S 32,000 Depreciation expense 52,000 Decrease in current liabilities 4,000 Increase in current assets other than cash 35,000 activities If a box is not used in the table, leave the box empty, do not select a label or enter a zero.) Contemporary Color Engraving Statement of Cash Flows (Partial) Year Ended December 31, 2016 Cash Flows from Operating Activities Net Income 32,000 Adjustments to Reconcile Net Income to Net Cash Choose from any list or enter any number in the input fields and then continue to the next question.

Answer 1

日つ rosoft Excel Home Insert Page Layout Formulas Data Review ViewDeveloper cut E AutoSum 1 Copy Paste .o Conditional asor bat Styles. Insert Delete Format Format Painter B 1 프-田 >-▲ー ミミ谔译 d Merge & Center m s-% , d Conditional Format Cell Insert Delete Format Fitt & Find& Sort & Find & Filter Select $-% , Formatting as Table Styles 20ar, Clear Clipboard Alignment Cells Editing A1 CONTEMPORARY COLOR ENGRAVING STATEMENT OF CASH FLOWS (Partial) year ended December 31, 2016 CONTEMPORARY COLOR ENGRAVING STATEMENT OF CASH FLOWS (Partial) year ended December 31, 2016 2 NET INCOME S32,000 3 Add: Non Cash Expense 4 Depreciation 5 Add: Non Operating Losses Loss on sale of land 7 Add: Decrease in Current Assets and increase in Current Liabilities 8 Less: Increase in Current Assets and Decrease in Current Liabilities rease in Current Liabilities 10 Increase in current Assets 11 NET CASH FLOW FROM OPERATING ACTIVITIES 12 ($21,000) ($6,000) S16,000 16 17 18 19 20 21 24 11 1ト커 Sheet1' Sheet2. Sheet3 Select destination and press ENTER or choose Paste Average: 5333333333 count 17 Sum: 32000 mau 10096 12:33 AM