4. QS 16-4 Indirect: Computing cash flows from operations LO P2 44 Cain Inc. reports...
50.1K
Verified Solution
Link Copied!
Question
Accounting
4. QS 16-4 Indirect: Computing cash flows from operations LO P2 44 Cain Inc. reports net income of $18,400. Its comparative balance sheet shows the following changes: accounts receivable increased $9,400, inventory decreased $11,400, prepaid insurance decreased $4,400, accounts payable increased $6,400 and taxes payable decreased $5,400. Compute cash flows from operations using the indirect method. (Amounts to be deducted should be indicated by a minus sign.) Skiced Cash Flows from Operating Activities (Indirect) eBook Adjustments to reconcile net income to net cash provided by operating activities Changes in current assets and liabilities Ask Print References 0
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.