Prepare cash flows from operating activities using the direct method Net income Depreciation expense Accounts receivable increase (decrease) Inventory increase (decrease) Accounts payable increase (decrease) Accrued labilities increase (decrease) Twix Dots Skor $ 4,000 $100,000 $72,000 30,000 8,000 24,000 40,000 20,000 (4,000) (20,000) (10,000) 10,000 24,000 (22,000) 14,000 (44,000) 12,000 (8,000)

Prepare cash flows from operating activities using the direct method Net income Depreciation expense Accounts receivable increase (decrease) Inventory increase (decrease) Accounts payable increase (decrease) Accrued labilities increase (decrease) Twix Dots Skor $ 4,000 $100,000 $72,000 30,000 8,000 24,000 40,000 20,000 (4,000) (20,000) (10,000) 10,000 24,000 (22,000) 14,000 (44,000) 12,000 (8,000)

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter15: Statement Of Cash Flows

Section: Chapter Questions

Problem 19E

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