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Prepare the net cash provided by operating activities

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Prepare the net cash provided by operating activities 1 The current sections of Robertson Inc.’s statement of financial position at December 31, 2010 and 2011, are presented here. Robertson’s net income for 2011 was $203,000. Depreciation expense was $24,000. 2011 2010 Current assets Prepaid expenses $ 27,000 $ 22,000 Inventory 153,000 172,000 Accounts receivable 105,000 89,000 Cash 115,000 99,000 Total current assets $400,000 $382,000 Current liabilities Accrued expenses payable $ 15,000 $ 5,000 Accounts payable 85,000 92,000 Total current liabilities $100,000 $ 97,000 Instructions Prepare the net cash provided by operating activities section of the company’s statement of cash flows for the year ended December 31, 2011, using the indirect method. Wintz Company reported net income of $295,000 for 2011. Wintz also reported depreciation expense of $45,000 and a loss of $8,000 on the sale of equipment. The comparative statement of financial position shows a decrease in accounts receivable of $15,000 for the year, a $17,000 increase in accounts payable, and a $6,000 decrease in prepaid expenses. Instructions Prepare the operating activities section of the statement of cash flows for 2011. Use the indirect method. Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help

Prepare the net cash provided by operating activities

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