E12-18A (similar to) The accounting records of South Central Distributors, Inc., reveal the following (Click...
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E12-18A (similar to) The accounting records of South Central Distributors, Inc., reveal the following (Click the icon to view the data table.) Requirement 1. Compute cash flows from operating activities by the indirect method. Also evaluate the operating cash flow of South Central Distributors. Give the reason for your evaluation. Begin by completing the cash flows from operating activities. (Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in cash.) Cash flows from operating activities: Data Table Adjustments to reconcile net income to net cash provided by (used for) operating activities 42,000 Depreciation expense Net income Collection of dividend revenue Payment of interest Sales revenue Gain on sale of land Acquisition of land with cash $ 15,000 7,700 Decrease in current liabilities 21,000 15,000 Decrease in current assets 26,000 7,600 14,000 210,000 other than cashh 18,000 Payment of dividends 36,000 Payment of income tax Net cash provided by (used for) operating activities Print Done Choose from any list or enter any number in the input fields and then click Check
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