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  • Statement of Cash Flows Sample Problem Answer Key - Indirect Method

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    The company had a net loss of $25 and non-cash expenses of $7, resulting in cash used by operations of $22. This was further impacted by non-operating losses of $3 and changes in working capital, including decreases in receivables and payables and increases in inventory, resulting in additional cash used of $13.

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    Cost Accounting

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    Statement of Cash Flows Sample Problem Answer Key - Indirect method - Copy

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    The company had a net loss of $25 and non-cash expenses of $7, resulting in cash used by operations of $22. This was further impacted by non-operating losses of $3 and changes in working capital, including decreases in receivables and payables and increases in inventory, resulting in additional cash used of $13.

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    © All Rights Reserved
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    9 views1 page

    Statement of Cash Flows Sample Problem Answer Key - Indirect Method

    Uploaded by

    neffhbaculodmz
    The company had a net loss of $25 and non-cash expenses of $7, resulting in cash used by operations of $22. This was further impacted by non-operating losses of $3 and changes in working capital, including decreases in receivables and payables and increases in inventory, resulting in additional cash used of $13.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 1

    Net income ( 25.

    00)
    Adjustments for noncash income and expense:
    Depreciation expense ( 5.00)
    Doubtful accounts expense ( 1.00)
    Amortization of discount on bonds payable ( 1.00) ( 7.00)
    Adjustments for non-operating items:
    Loss on sale of building ( 3.00) opposite
    Changes in current assets and current liabilities:
    Decrease in gross accounts receivable ( 2.00)
    Increase in dividends receivable ( (1.00)
    Increase in inventory ( (5.00)
    Decrease in accounts payable ( (7.00)
    Decrease in salaries payable ( (3.00)
    Increase in interest payable ( 2.00)
    Decrease in income tax payable ( (1.00) ( (13.00)
    Net cash flows from operating activities ( 22.00)

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