Question: I need help answering #2. I opened the tab on the answers, so that you can see my options. thank you! Operating Activities Section-Indirect Method




I need help answering #2. I opened the tab on the answers, so that you can see my options. thank you!
Operating Activities Section-Indirect Method The following account balances for the noncash current assets and current liabilities of Suffolk Company are available: Accounts receivable Inventory Prepaid rent Totals Accounts payable Income taxes payable Interest payable Totals December 31 2017 2016 $43,000 $34,510 30,210 40,160 16,550 15,330 $89,760 $90,000 $25,890 $19,290 6,100 10,190 14,550 12,370 $46,540 $41,850 Net income for 2017 is $43,870. Depreciation expense is $18,360. Assume that all sales and all purchases are on account. Other reasons for the higher amount of net cash inflow from operating activities 2. Net cash inflow from operating activities is $ 67,160 and the primary reason why it is higher than net income is depreciation are decrease in accounts receivable X and decrease in interest payable X increase in inventory -4,090 2,180 increase in accounts payable Ne increase in accounts receivable 67,160 decrease in accounts payable decrease in accounts receivable decrease in income taxes payable 2. are decrease in accounts receivable X the higher amount of net cash inflow from operating activities 67,160 and the primary reason why it is higher than net income is depreciation. Other reasons and decrease in interest payable x Decrease in income taxes payable Increase in interest payable increase in inventory increase in accounts receivable Net cash inflow from operating activities increase in prepaid rent Feedback decrease in inventory decrease in interest payable decrease in income taxes payable 2. Net cash inflow from operating activities Json why it is higher than net income is depreciation are decrease in accounts receivable x and decrease in interest payable X. Other reasons for the higher amount of net cash inflow from operating activities
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