The two independent cases are listed below: ...
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Accounting
The two independent cases are listed below: Case A Case B Year 2 Year 1 Year 2 Year 1 Sales Revenue $ 11,000 $ 9,000 $ 21,000 $ 18,000 Cost of Goods Sold 6,000 5,500 12,000 11,000 Gross Profit 5,000 3,500 9,000 7,000 Depreciation Expense 1,000 1,000 1,500 1,500 Salaries and Wages Expense 2,500 2,000 5,000 5,000 Net Income $ 1,500 $ 500 $ 2,500 $ 500 Accounts Receivable $ 300 $ 400 $ 750 $ 600 Inventory 750 500 730 800 Accounts Payable 800 700 800 850 Salaries and Wages Payable 1,000 1,200 200 250 Required: Show the operating activities section of the statement of cash flows for year 2 using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)
The two independent cases are listed below:
Case A Case B
Year 2 Year 1 Year 2 Year 1
Sales Revenue $ 11,000 $ 9,000 $ 21,000 $ 18,000
Cost of Goods Sold 6,000 5,500 12,000 11,000
Gross Profit 5,000 3,500 9,000 7,000
Depreciation Expense 1,000 1,000 1,500 1,500
Salaries and Wages Expense 2,500 2,000 5,000 5,000
Net Income $ 1,500 $ 500 $ 2,500 $ 500
Accounts Receivable $ 300 $ 400 $ 750 $ 600
Inventory 750 500 730 800
Accounts Payable 800 700 800 850
Salaries and Wages Payable 1,000 1,200 200 250
Required:
Show the operating activities section of the statement of cash flows for year 2 using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)
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