Schedule of cash flows from operating activities

Reference no: EM13178373

Cash flows from operating activities, indirect method

For the year ended June 30, 2010, net income for Soak Company was $7,400. Depreciation expense was $2,000. During the year, Accounts Receivable increased by $4,400, Inventories increased by $7,000, Prepaid Rent decreased by $1,400, Accounts Payable increased by $14,000, Salaries Payable increased by 41,000and Income taxes Payable decreased by $600.

Prepare a schedule of cash flows from operating activities using the indirect method.

Reference no: EM13178373

Questions Cloud

Determine the solution will be acidic or basic or neutral : For each of the following salt solutions, indicate whether the solution will be acidic, basic or neutral. Then using data given below, calculate [OH-] or [H3O+] and pH for each solution.

How far to the nearest mile is the balloon from the westen : Two tracking stations are on the equator 119 miles apart. A weather balloon is located on a bearing of N 35°E from the western station and a bearing of N 22°E from the eastern station. How far, to the nearest mile, is the balloon from the western ..

Find observed z and whether to reject or fail to reject : There are several methods used by people to organize their lives in terms of keeping track of appointments, meetings, and deadlines. Some of these include using a desk calendar, using informal notes of scrap paper, keeping them ″in your head″, usi..

State what is the ph at the equivalence point : The equivalence point is reached when 36 ml of HCl (titrant) is added. What is the pH at the equivalence point? (Kb of NH3 = 1.8 x 10-05) (a) For 36.0 mL of titrant, what is the pH?

Schedule of cash flows from operating activities : Cash flows from operating activities, indirect method - Prepare a schedule of cash flows from operating activities using the indirect method.

Estimate the difference in the population mean scores : Suppose the population standard deviations for men and for women both were about 100. Construct a 95% confidence interval to estimate the difference in the population mean scores on this event for men and women.

State burning the fatty acid palmitic acid outside the body : Burning the fatty acid palmitic acid outside the body in the presence of oxygen, results in its complete oxidation to form carbon dioxide and water. The chemical formula of palmitic acid is CH3(CH2)14COOH.

Which investment should be accounted for using equity method : Which investment should be accounted for using the adjusted to market method and which investment should be accounted for using the equity method?

Estimate the mean number of pages for the population : Use this information to construct a 98% confidence interval to estimate the mean number of pages for the population of medium-sized company policy books.

User Account

All Pages