Problem 13-14 Name:
Enter the appropriate numbers/formulas in the shaded (gray) cells, or select from the drop-down list.
An asterisk (*) will appear in the column to the right of an incorrect answer.
A.
Net income 7,200$
Adjustments to reconcile net income to cash provided
(used) by operating activities:
(2,000)
B.
actual amounts received or paid.
The direct method
The direct method presents
Instructor
Wynn Bicycle Company
Net Cash Flows from Operating Activities – Indirect Method
For the Year Ending December 31, 2012
Increase in accounts receivable
Decrease in accounts payable
Increase in salaries and wages payable
Increase in interest payable
Decrease in income taxes payable
Decrease in inventory
Increase in office supplies