Change the amounts for selected balance sheet accounts in the spreadsheets created for either S12-7 to calculate
Question:
Change the amounts for selected balance sheet accounts in the spreadsheets created for either S12-7 to calculate the net cash flows from operating activities if, just before the current year-end, the company’s management took the actions listed in the following requirements. Consider each question independently, unless indicated otherwise.
Required:
1. What if the company collected $10,000 of the accounts receivable?
2. What if the company had paid down its interest payable by an extra $2,000?
3. What if the company waited an additional month before paying $6,000 of its accounts payable?
4. What if the company had reported $5,000 more depreciation expense?
5. What if all four of the above events had taken place at the same time?
Spreadsheets From 12-7:
Step by Step Answer:
Fundamentals of Financial Accounting
ISBN: 978-0078025914
5th edition
Authors: Fred Phillips, Robert Libby, Patricia Libby