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The net cash provided by (used in) operating activities for the year was:
$168
$8
$152
$229
Solution
Answer: Calculation of net cash provided by (used in) operating activities for the year are
as follows:
Particulars Amount ($)
Net income 160
Adjustment to convert net income to cash basis:
depreciation charges 11
decrease in account receivable 6
decrease in inventory 1
decrease in account payable -7
decrease in accrued liability -1
decrease in income tax payable -2
net cash provided by operating activities 168
The net cash provided by (used in) operating activities for the year w.docx

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The net cash provided by (used in) operating activities for the year w.docx

  • 1. The net cash provided by (used in) operating activities for the year was: $168 $8 $152 $229 Solution Answer: Calculation of net cash provided by (used in) operating activities for the year are as follows: Particulars Amount ($) Net income 160 Adjustment to convert net income to cash basis: depreciation charges 11 decrease in account receivable 6 decrease in inventory 1 decrease in account payable -7 decrease in accrued liability -1 decrease in income tax payable -2 net cash provided by operating activities 168