M12-12 Computing Cash Flows from Operating Activities (Direct Method) [LO 12-6]

The independent cases are listed below that includes all items relevant to operating activities:

	Case A			Case B			Case C
Sales revenue	$	72,000		$	62,000		$	103,000
Cost of goods sold		38,500			29,500			68,900
Depreciation expense		10,700			2,700			26,700
Salaries and wages expense		5,700			13,700			8,700
Net income		17,100			16,100			(1,300	)
Accounts receivable increase (decrease)		(1,100	)		4,700			3,700
Inventory increase (decrease)		2,700			0			(3,700	)
Accounts payable increase (decrease)		0			3,200			(1,100	)
Salaries and wages payable increase (decrease)		1,850			(2,700	)		1,100

Compute cash flows from operating activities using the direct method. (Amounts to be deducted should be indicated with a minus sign.)

35800

	Case A	Case B	Case C
Cash Collected from Customers	$73,100	$57,300	$99,300
Cash Payments to Suppliers
Cash Payments for Salaries and Wages
Net Cash Provided by Operating Activities	$112,750	$57,300	$99,300

+

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