Question: Reporting Net Cash Flow From Operating Activities The Following information is available for Bernard Corporation for 2013: Net Income $185,200 Decrease In Accounts Receivable 8,300
Reporting Net Cash Flow From Operating Activities
The Following information is available for Bernard Corporation for 2013:
Net Income $185,200
Decrease In Accounts Receivable 8,300
Increase in Inventory 19,900
Decrease in Prepaid Rent 4,410
Increase in Salaries Payable 7,100
Decrease in Income Taxes Payable $3,870
Increase in Notes Payable (due 2017) 50,000
Depreciation Expense 52,700
Loss on Disposal of Equipment 6,450
Compute the net cash flows from operating activities using the indirect method:
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
