Uetooperating activities 10900 e1422

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Unformatted text preview: ) For the Year Ended December 31, 2012 Cash from operating activities: Cash receipts from revenues Cash payments for inventory Cash payments for wages Cash payments for rent Cash payments for interest Cash payments for taxes Net cash increase (decrease) due to operating activities $ 86,300 (50,600) (15,500) (11,400) (1,700) _(4,800) $ 2,300 E14–20 Concluded Steeler and Jones Operating Section – Statement of Cash Flows (Indirect Method) For the Year Ended December 31, 2012 Cash flows from operating activities: Net income Adjustments: Depreciation expense Gain on sale of equipment Decrease in accounts receivable $ $ Decrease in inventory Increase in prepaid rent Decrease in accounts payable Decrease in wages payable Increase in interest payable Decrease in unearned revenue Total adjustments (7,000) Net cash increase due to operating activities 2,300 5,700 (5,200) 1,100 1,500 (4 0 0 ) (5,400) (2,300) 200 _ (2,200) $ E14–21 Harbaugh Auto Supply Operating Section – Statement of Cash Flows (Direct Method) For the Year Ended December 31, 2012 Cash from operating activities: Cash receipts from sales revenue Cash receipts from service revenues Cash receipts from interest revenue Cash payments for inventory Cash payments for wages Cash payments for rent Cash payments for interest Cash payments for taxes Net cash increase (decrease) due to operating activities $ $ 9,300 47,000 32,400 9,600 (26,700) (19,000) (16,500) (5,600) (10,300) 10,900 E14–21 Concluded Harbaugh Auto Supply Operating Section – Statement of Cash Flows (Indirect Method) For the Year Ended December 31, 2012 Cash flows from operating activities: Net income 24,300 Adjustments: Depreciation expense Gain on sale of investments Increase in accounts receivable $ $ 11,500 (13,200) (5 0 0 ) (2,900) 300 (1,200) (2,600) (1,400) 600 (1,200) (2,800) Increase in inventory Decrease in interest receivable Increase in prepaid rent Decrease in accounts payable Decrease in wages payable Increase in interest payable Decrease in taxes...
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This homework help was uploaded on 03/03/2014 for the course ACCT 5053 taught by Professor Staff during the Fall '08 term at Oklahoma State.

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