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2 views1 page

Qsolution

Uploaded by

Lolka_44
Copyright
© Attribution Non-Commercial (BY-NC)
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ABE12-5.

Solution

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Solution
ABE12-5 Net cash provided by operating activities is $3,164,750. Using the indirect approach, the solution is: Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash provided by operating activities Depreciation expense Accounts receivable decrease Accounts payable decrease Net cash provided by operating activities

$2,900,000 $160,470 357,370 (253,090)

264,750 $3,164,750

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4/25/2011

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