TABLE 1 - 3,000 Payments (1,950) Changes in Current...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
TABLE 1 Computation of Net Cash Flow Provided by Operating Activities Direct Method Indirect Method Operating Activities Operating Activities Collections from customers $129,663 Net income $6,300 Payments to suppliers (71,976) Adjustments to reconcile cash Payments for operating expenses (29,317) Depreciation expense 14,400 Payments for income taxes (4,200) Loss on sale of equipment
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 3,000 Payments (1,950) Changes in Current Accounts Decrease in accounts receivable 663 Increase in inventory (107) Increase in prepaid expenses (142) Decrease in accounts payble (919) Increase in salaries payable 320 Decrease in accrued expenses (1,295) Cash provided by operating activities $22,220 Cash provided by operating activities $22,220...
View Full Document

Ask a homework question - tutors are online