M12-4 Computing Cash Flows from Operating Activities (Indirect Method) [LO 12-2]

The independent cases are listed below includes all balance sheet accounts related to operating activities:

	Case A				Case B				Case C
Net income	$	311,000			$	15,500			$	421,000
Depreciation expense		41,000				151,000				81,000
Accounts receivable increase (decrease)		102,000				(201,000	)			(21,000	)
Inventory increase (decrease)		(51,000	)			36,000				51,000
Accounts payable increase (decrease)		(51,000	)			121,000				71,000
Accrued liabilities increase (decrease)		61,000				(221,000	)			(41,000	)

Show the operating activities section of cash flows for each of the given cases. (Amounts to be deducted should be indicated with a minus sign.)

Net income Depreciation expense Accounts receivable increase (decrease) Inventory increase (decrease) Accounts payable increase (decrease) Accrued liabilities increase (decrease) Case A Case B Case C $311,000 15,500 $421, 000 41,000 151,000 .81,000 102,000 1(201,000) (21,000) (51,000) 36,000 51,000 (51, 000) 121,000 71,000 61,000 (221, 000) (41,000) Show the operating activities section of cash flows for each of the given cases. (Amounts to be deducted should be indicated with a minus sign.) Case A Case B Case C Net Income Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities Depreciation Changes in Assets and Liabilities Accounts Receivable Inventory Accounts Payable Accrued Liabilities