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Chapter 4 The Income Statement and Statement of Cash Flows36

Chapter 4 The Income Statement and Statement of Cash Flows36

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Exercise 4-18 Cash flows from operating activities: Net income $17,300 Adjustments for noncash effects: Depreciation expense 7,800 Changes in operating assets and liabilities: Increase in accounts receivable (4,000) Decrease in inventory 5,500 Decrease in prepaid insurance 1,200 Decrease in salaries payable (2,700) Increase in interest payable
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Unformatted text preview: 800 Net cash flows from operating activities $25,900 Exercise 4-19 Requirement 1 Financing Investing Operating 1. $300,000 2. $(10,000) 3. 4. 5. $ (5,000) 6. (6,000) 7. (70,000) 8. 55,000 9. __________ __________ __________ $300,000 $(10,000) $(26,000) = $264,000...
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