This preview shows pages 1–2. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: Decrease in income taxes payable 2,000 What is the Net cash provided by operating activities (CFO)? Net Income Adjustments for: 1) Non cash expense 2) Gain/Loss on sale 3) Non cash current assets & current liab. Cash flow from Operations (CFO) = ________________________ III. Indirect Method Exercise: JMB Photography reported net income of $ 100,000 for 2010. Included in the income statement were depreciation expense of $ 6,000, patent amortization expense of $ 2,000, and a gain on sale of equipment of $ 3,600. JMBs comparative balance sheets show the following balances. 12/ 31/ 10 12/ 31/ 09 Accounts receivable $ 21,000 $ 27,000 Accounts payable 9,200 6,000 Calculate net cash provided by operating activities for JMB Photography....
View Full Document
This note was uploaded on 02/24/2011 for the course BUS 310 taught by Professor Markbambach during the Fall '10 term at University of Delaware.
- Fall '10