The independent cases are listed below that includes all items relevant to operating activities: ...
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Accounting
| The independent cases are listed below that includes all items relevant to operating activities: |
| Case A | Case B | Case C | |||||||
| Sales revenue | $ | 61,000 | $ | 51,000 | $ | 102,000 | |||
| Cost of goods sold | 33,000 | 24,000 | 73,300 | ||||||
| Depreciation expense | 11,400 | 1,600 | 27,400 | ||||||
| Salaries and wages expense | 4,600 | 12,600 | 7,600 | ||||||
| Net income | 12,000 | 12,800 | (6,300 | ) | |||||
| Accounts receivable increase (decrease) | (1,200 | ) | 3,600 | 2,600 | |||||
| Inventory increase (decrease) | 1,600 | 0 | (2,600 | ) | |||||
| Accounts payable increase (decrease) | 0 | 2,100 | (1,200 | ) | |||||
| Salaries and wages payable increase (decrease) | 1,300 | (1,600 | ) | 1,200 | |||||
| Compute cash flows from operating activities using the direct method. (Amounts to be deducted should be indicated with a minus sign.)
THANK YOU! |
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