Shifflett ACCT 1020 Principles of Accounting II Summer 2018 Homework: Chapter 14

Question

Shifflett ACCT 1020 Principles of Accounting II Summer 2018 Homework: Chapter 14 Assignment Score: 0 of 5 pts E14-20 (similar to) The accounting records of DVR Sales, Inc. include the following accounts: Hw S EEB (Click the icon to view the accounts) Compute DVR's net cash provided by (used for) operating activties during July 2018. Use the indirect method. (Use parenmeses or a minus siqn tor operating activities. If a box is not used in the table leave the box empty, do not select a labet or eter a zero.) Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities Choose from any list or enter any number in the input fields and then click Check Answer Clear All All parts showing

Explanation / Answer

Cash flows from Operating activities: Net income for the year 83000 Adjustment for reconciliation Depreciation expense 3000 Decrease in Accounts receivable 5000 Increasse in Inventory -12000 Increase in Accounts payable 5500 Net Cash provided from Operating activities 84500

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