Homework CH 21 Question 1 (of 7)Question 2 (of 7)Question 3 (of 7)Question 4 (of

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Homework CH 21

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5.

value:
2.85 points

Use the indirect method.

   

   

Prepare the cash flows from operating activities section of the statement of cash flows for Myriad Products Company using the indirect method. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10.). Amounts to be deducted should be indicated with a minus sign.)

Homework CH 21

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Explanation / Answer

Indirect Method

Particulars Amount (in $) CASH FLOW FROM OPERATING ACTIVITIES Net Income 141 Adjustment for Non-Cash Effects : Depreciation 94 Patent amortization expense 5 Loss on sale of Land 4 Changes in operating assets & liabilities : Add : Decrease in current asset :   Account Receviable 14 Inventory 13 Add : Increase in current liability : Account Payable 7 Interest Payable 5 Income tax Payable 6 Less: Decrease in current liablity : Salary Payable (7) CASH FLOW FROM OPERATING ACTIVITIES $282

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