Question: ABC Company has completed the basic format to be used in preparing the statement of cash flows (indirect method). Listed below in random order are
ABC Company has completed the basic format to be used in preparing the statement of cash flows (indirect method). Listed below in random order are line items to be included in the statement of cash flows. Purchase of equipment $2,270 Decrease in inventory 303 Increase in prepaid rent 55 32 Payment of dividends 310 Depreciation expense 204 Increase in accounts receivable 490 Increase in accounts payable 170 Gain on sale of land 106 Net income 1,120 Repayment of notes payable 413 Cash received from the sale of land Issuance of common stock 37 2,480 Required: What is the net cash provided by operating activities? O $1,146 inflow $1,358 inflow. O $540 inflow O $344 inflow What is the net cash provided by investing activities? CO $2,233 outflow $2,339 outflow O $2,029 outflow O $2,135 outflow What is the net cash flow by financing activities? O $1,757 inflow O $2,067 inflow O $2,170 inflow O $2,480 Inflow
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