E5-13 The following information was reported by the Boeing Companyin its 2004 an

Question

E5-13 The following information was reported by the Boeing Companyin its 2004 annual report. Decrease ininventories                      611 Increase in prepaidexpenses            4,355 Depreciation andamortization           1,412 Increase in accountspayable                862 Increase in accountsreceviable            241 Increase in income taxespayable          1,086 Netearnings                                        3,458 Other additions to netincome                625 What was Boeing's cash flow from operating activities for thefiscal year? I believe the answer is 3,458 but I want to be sure. E5-13 The following information was reported by the Boeing Companyin its 2004 annual report. Decrease ininventories                      611 Increase in prepaidexpenses            4,355 Depreciation andamortization           1,412 Increase in accountspayable                862 Increase in accountsreceviable            241 Increase in income taxespayable          1,086 Netearnings                                        3,458 Other additions to netincome                625 What was Boeing's cash flow from operating activities for thefiscal year? I believe the answer is 3,458 but I want to be sure.

Explanation / Answer

NetEarnings 3,458.00 Add: Other additions to NetIncome 625.00 4,083.00 Add: Decrease in inventory 611.00 Depreciation &Amortization 1,412.00 Increase in Accounts Payable 862.00 Increase in Income TaxesPayable 1,086.00 3,971.00 Less : Increase in Prepaid Expenses 4,355.00 Increase in AccountsReceivable 241.00 (4,596.00) Cash FlowFrom Operating Activities 3,458.00 That means You areabsolutely correct !! Good Luck!!

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