TB Problem Qu. 12-175 (Algo) Indirect: Cash flows from operating activities Use the following income...
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TB Problem Qu. 12-175 (Algo) Indirect: Cash flows from operating activities Use the following income statement and information about selected current assets and current liabilities to calculate the net cash provided or used by operating activities under the indirect method. Selected beginning and ending balances of current asset and current liability accounts, all of which relate to operating activities, follow. Accounts receivable Inventory Prepaid rent Accounts payable Wages payable Interest payable \begin{tabular}{rr} $29,000 & $24,700 \\ 23,700 & 20,700 \\ 690 & 470 \\ 28,500 & 26,700 \\ 11,800 & 9,700 \\ 440 & 320 \end{tabular} \begin{tabular}{|l|l|} \hline \multicolumn{2}{|c|}{ Statement of Cash Flows (partial) } \\ \hline Cash flows from operating activities \\ \hline \\ \hline Adjustments to reconcile net income to net cash provided by operating activities \\ \hline Income statement items not affecting cash & \\ \hline & \\ \hline & \\ \hline Changes in current assets and current liabilities & \\ \hline & \\ \hline \end{tabular}
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