The comparative statement of financial position for Cullumber Corporation shows the following noncash current asset and liability
accounts at March :
Cullumber's statement of income reported the following selected information for the year ended March : net income was
$ depreciation expense was $ and a loss on the disposal of land was $ Cullumber uses a perpetual inventory
system. Calculate net cash provided used by operating activities using the indirect method. Show amounts that decrease cash flow with
either sign eg or in parenthesis eg
CULUMBER CORPORATION
Statement of Cash Flows Partial
For the Year Ended March
Cash Flows from Operating Actlvitles
Adjustments to reconcile net income to
Net Cash Provided by Operating Actlvitles
Depreclatlon Expense
Loss on Disposal of Land
Accounts Recelvable increase
