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XACC 291 - Week 8 Answers E13-8 and E14-3

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Complete Exercises 

 

Exercise E13-8

 

Taguchi Company

Statement of Cash flows-Indirect method

            For the year ended in December 31,2011

 

Cash Flows from operating activities

Net income                                                                                                                  103,000

Adjustments to receive net income to net cash

provided by operating cash activities:

Increase in accounts receivable                               (9,000)

Decrease in inventory                                              19,000

Decrease in accounts payable                                   8,000                                         18,000

Net cash provided by operating activities                                                                  121,000