Question: Calculate net cash flow provided (used) from operating activities using the indirect method. The cash flow must be presented in the proper format to receive
| Calculate net cash flow provided (used) from operating activities using the indirect method. The cash flow must be presented in the proper format to receive full credit. |
Everything to the right of 2019 data is my attempt at this, just trying to see if this is on the right track?
Also, there is a blank Net Income space on the right not shown in what I copied, how would I solve for this? You'll see my thought process in yellow.
Requirement: Calculate net cash flow provided (used) from operating activities using the indirect method. The cash flow must be presented in the proper format to receive full credit. - Data: Net income $152,000 Maybe NET is found through utilizing Data with new Cash point? Cash Account receivable Inventory Prepaid rent Plant assets (PPE), net Accounts payable Income tax payable Accrued liabilities 12/31/2020 $ 28,680 $ 85,000 $ 50,000 $ 11,000 $ 41,750 $ 20,000 $ 55,000 $ 20,000 12/31/2019 $ 25,000 ? $ 50,000 $ 82,000 $ 12,000 $ 50,000 $ 26,000 $ 40,000 $ 15,000 -35000 32000 1000 8430 -6000 15000 5000 8250 Depreciation expense Net income $ 8,250 $ 152,000 Seems right? 28,680 Provided 25000 53860 Added both Cash together Perhaps now combined or subtracted from NET, this amount maybe new Cash Or 28680 -25000 3680 Subtracted both Cash Perhaps now combined or subtracted from NET -Amount maybe the actual flow
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