accounting question 409988
Aug 29, 2021 | Uncategorized
| The two independent cases are listed below: |
|
Case A |
Case B |
|
2010 |
2009 |
2010 |
2009 |
| Sales Revenue |
$ |
13,000 |
$ |
12,000 |
$ |
24,000 |
$ |
21,000 |
| Cost of Goods sold |
|
4,700 |
|
4,200 |
|
13,100 |
|
12,100 |
| Gross Profit |
|
8,300 |
|
7,800 |
|
10,900 |
|
8,900 |
| Depreciation Expense |
|
900 |
|
900 |
|
1,700 |
|
1,200 |
| Salaries Expense |
|
2,400 |
|
2,000 |
|
5,100 |
|
5,100 |
| Net Income |
|
5,000 |
|
4,900 |
|
4,100 |
|
2,600 |
| Accounts Receivable |
|
410 |
|
500 |
|
640 |
|
500 |
| Inventories |
|
610 |
|
500 |
|
870 |
|
900 |
| Accounts Payable |
|
790 |
|
700 |
|
590 |
|
650 |
| Salaries Payable |
|
1,090 |
|
1,300 |
|
170 |
|
210 |
|
| Required: |
| Compute the net cash flow from operating activities section of the 2010 statement of cash flows using the indirect method.(Omit the “$” sign in your response.) |
|
Net cash flows
|
| Case A |
$ |
|
| Case B |
$ |
|
|
