Use the following information to calculate net cash flow from operatin

1.	Use the following information to calculate net cash flow from operating activities using indirect method: Net Income7,000Depreciation Expense 1,000Increase in Accounts Receivable4,400Increase in Prepaid Rent7,000Decrease in Prepaid Insurance1,300Increase in Accounts Payable14,000Increase in Wages Payable 1,000Decrease in Income Tax Payable700Gain on Sale of Equipment1,800
Answer» Use the following information to calculate net cash flow from operating activities using indirect method: $\begin{matrix} Net Income & 7, 000 Depreciation Expense & 1, 000 Increase in Accounts Receivable & 4, 400 Increase in Prepaid Rent & 7, 000 Decrease in Prepaid Insurance & 1, 300 Increase in Accounts Payable & 14, 000 Increase in Wages Payable & 1, 000 Decrease in Income Tax Payable & 700 Gain on Sale of Equipment & 1, 800 \end{matrix}$

Use the following information to calculate net cash flow from operating activities using indirect method: Net Income7,000Depreciation Expense 1,000Increase in Accounts Receivable4,400Increase in Prepaid Rent7,000Decrease in Prepaid Insurance1,300Increase in Accounts Payable14,000Increase in Wages Payable 1,000Decrease in Income Tax Payable700Gain on Sale of Equipment1,800

Answer»

Use the following information to calculate net cash flow from operating activities using indirect method:

$\begin{matrix} Net Income & 7, 000 Depreciation Expense & 1, 000 Increase in Accounts Receivable & 4, 400 Increase in Prepaid Rent & 7, 000 Decrease in Prepaid Insurance & 1, 300 Increase in Accounts Payable & 14, 000 Increase in Wages Payable & 1, 000 Decrease in Income Tax Payable & 700 Gain on Sale of Equipment & 1, 800 \end{matrix}$

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