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Arundel Company disclosed the following information for its recent calendar year.

Income Statement Data Selected Year-End Balance Sheet Data
Revenues $120,000 Accounts receivable decrease $29,000
Expenses: Purchased a machine for cash 20,000
Salaries expense 74,000 Salaries payable increase 24,000
Utilities expense 30,000 Other accrued liabilities decrease 15,000
Depreciation expense 29,000 Other expenses 8,500
Net loss $(21,500 )

Requried:
Prepare the operating activities section of the statement of cash flows using the indirect method.

Respuesta :

Answer:

The Cash flows from operating activities is the following:

Net loss ($21,500)

Depreciation expense $29,000

Accounts receivable decrease $29,000

Salaries payable increase $24,000

Accrued liabilities decrease ($15,000)

Net cash provided by operating activities= $45,500

Explanation:

Accordfing to the given data, the operating activities section of the statement of cash flows using the indirect method would be as follows:

Cash flows from operating activities  

Net loss ($21,500)

Depreciation expense $29,000

Accounts receivable decrease $29,000

Salaries payable increase $24,000

Accrued liabilities decrease ($15,000)

Net cash provided by operating activities= $45,500

The Net cash provided by operating activities is $45,000

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