Question: The independent cases are listed below that includes all items relevant to operating activities: Case se ase Sales revenue Cost of goods sold Depreciation expense
The independent cases are listed below that includes all items relevant to operating activities: Case se ase Sales revenue Cost of goods sold Depreciation expense Salaries and wages expense Net income Accounts receivable increase (decrease) Inventory increase (decrease) Accounts payable increase (decrease) Salaries and wages payable increase (decrease) $ 55,000 45,000 $ 106,000 30,000 21,000 77,500 12,0001,00028,000 4,000 12,0007,000 9,000 11,000 (6,500) 2,000 0 (2,000) 0 1,500 (1200) (1,200) 3,000 1,000 1,000(1,000) 1,200 Compute cash flows from operating activities using the direct method. (Amounts to be deducted should be indicated with a minus sign.) Case A Case B Case C S 56,000 Cash Collected from Customers Cash Payments to Suppliers Cash Payments for Salaries and Wages Net Cash Provided by Operating Activities 56,0000S0
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