Question: Calculating Net Cash Flow from Operating Activities (Indirect Method) Weber Company had a $2.520 net loss from operations for 2016. Depreciation expense for 2016 was
Calculating Net Cash Flow from Operating Activities (Indirect Method) Weber Company had a $2.520 net loss from operations for 2016. Depreciation expense for 2016 was $1,032 and a 2016 cash dividend of 5720 was declared and paid, Balances of the current asset and current liability accounts at the beginning and end of 2016 follow Did Weber Company's 2016 operating activities provide or use cash? Use the indirect method to determine your answer Ending Beginning Cash $420 1540 Accounts Receivable 1.920 3.000 entory 6360 Prepaid Expenses 720 1080 Accounts Payable 1.400 90 Accruedas 600 012 6.000 Note: Use a negative sign with your answer to indicate an item is deducted subtracted to convert net income/loss to cash Tortos Add you to sto Depreciation 0 Accounts receive 0 Inventory 0 Presidexpenses Accounts payable Acas 0 Netcash provided 0 0 Weber Company's 2016 operating activities # Cash
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