Accounting: Tools for Business Decision Making, 5th Edition

Published by Wiley
ISBN 10: 1118128168
ISBN 13: 978-1-11812-816-9

Chapter 12 - Statement of Cash Flows - Brief Exercises: BE12-6

Answer

12 - BE6 Calculation of net cash provided by the operating activities using indirect method: Cash from operating activities: Net income as per income statement - 280,000 dollars Depreciation expense - 70,000 dollars Add:Loss on sale of plant assets - 22,000 dollars Net cash provided by operating activities - 372,000 dollars

Work Step by Step

The table indicates about the calculation of cash from operating activities in indirect method.
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