cash flow from operating activities- inderect method

Cash Flows from Operating Activities-Indirect Method The net Income reported on the income statement for the current year was $200,600. Depreciation recorded on equipment and a building amounted to $62.400 for the year Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: End of Year Beginning of Year Cash $57,570 $61,020 Accounts receivable (net) 73,000 75,300 Inventories 143,930 129,730 Prepaid expenses 8,000 8,600 Accounts payable (merchandise creditors) 64,310 68,100 Salaries payable 9,270 8,480 a. Prepare the "Cash Flows from Operating Activities' section of the statement of cash flows, using the Indirect method. Use the minussion to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments Statement of Cash Flows (partial) Cash flows from operating activities: Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: I nl a. Prepare the 'Cash Flows from Operating Activities' section of the statement of cash lows, using the Indirect method. Use the minus sign to indicate cash outfiows, cash payments, decreases in cash, or any negative adjustments Statement of Cash Flows (partial) Cash flows from operating activities: Adjustments to reconcile net income to net cash flow from operating activities Changes in current operating assets and abilities Net cash flow from operating activities b. If the direct method had been used, would the net cash flow from operating activities have been the same Next Check My Work 2 more Check My Work uses remaining