Question

The independent cases are listed below includes all balance sheet accounts related to operating activities:

Case A Case B Case C
Net income $ 303,000 $ 11,500 $ 413,000
Depreciation expense 33,000 143,000 73,000
Accounts receivable increase (decrease) 86,000 (193,000) (13,000)
Inventory increase (decrease) (43,000) 28,000 43,000
Accounts payable increase (decrease) (43,000) 113,000 63,000
Accrued liabilities increase (decrease) 53,000 (213,000) (33,000)
Required:
1. Show the operating activities section of cash flows for each of the given cases. (Amounts to be deducted should be indicated with minus sign.)
Case A Case B Case C
Net Income
Adjustments to Reconcile Net income to Net Cash Provided by Operating Activities
Depreciation
Changes in Assets and Liabilities
Accounts Receivable
Inventory
Accounts Payable
Accrued Liabilities
Net Cash Provided by Operating Activities

Answer 1

See answer and explanation below.

Step-by-step explanation:

Details Case A ($) Case B ($) Case C ($)

Net income 303,000 11,500 413,000

Depreciation expense 33,000 143,000 73,000

Changes in Assets and Liab.:

Accounts receivable (86,000) 193,000 13,000

Inventory 43,000 (28,000) (43,000)

Accounts payable (43,000) 113,000 63,000

Accrued liabilities 53,000 (213,000) (33,000)

Net Cash from Operating Act. 303,000 219,500 486,000

Answer 2

Step-by-step explanation:

Cash flow from operating activities:

Case A Case B Case C

Net Income 3,03,000 11,500 4,13,000

Depreciation Expense 33,000 1,43,000 73,000

Accounts Receivable increase(decrease) -86,000 1,93,000 13,000

Inventory increase(decrease) 43,000 -28,000 -43,000

Accounts Payable increase(decrease) -43,000 1,13,000 63,000

Accrued Liabilities increase(decrease) 53,000 -2,13,000 -33,000

Net Cash provided by Operating activities 3,03,000 2,19,500 4,86,000