The comparative balance sheets for Tamarisk, Inc. show these changes in noncash
ID: 2588431 • Letter: T
Question
The comparative balance sheets for Tamarisk, Inc. show these changes in noncash current asset accounts: accounts receivable decreased $73,500, prepaid expenses increased $25,400, and inventories increased $43,500.
Compute net cash provided by operating activities using the indirect method, assuming that net income is $177,800. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
Tamarisk, Inc.
Statement of Cash Flows-Indirect Method
Adjustments to reconcile net income to
Tamarisk, Inc.
Statement of Cash Flows-Indirect Method
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
Decrease in Accounts Receivable Decrease in Inventories Decrease in Prepaid Expenses Increase in Accounts Receivable Increase in Inventories Increase in Prepaid Expenses Net Income
$Adjustments to reconcile net income to
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
Decrease in Accounts Receivable Decrease in Inventories Decrease in Prepaid Expenses Increase in Accounts Receivable Increase in Inventories Increase in Prepaid Expenses Net Income
$Decrease in Accounts Receivable Decrease in Inventories Decrease in Prepaid Expenses Increase in Accounts Receivable Increase in Inventories Increase in Prepaid Expenses Net Income
Decrease in Accounts Receivable Decrease in Inventories Decrease in Prepaid Expenses Increase in Accounts Receivable Increase in Inventories Increase in Prepaid Expenses Net Income
Cash at Beginning of Period Cash at End of Period Cash Flows from Financing Activities Cash Flows from Investing Activities Cash Flows from Operating Activities Net Cash Provided by Financing Activities Net Cash Provided by Investing Activities Net Cash Provided by Operating Activities Net Cash used by Financing Activities Net Cash used by Investing Activities Net Cash used by Operating Activities Net Decrease in Cash Net Increase in Cash
$Explanation / Answer
Tamarisk, Inc. Statement of Cash Flows-Indirect Method Cash Flows from Operating Activities Net income 177800 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Decrease in Accounts Receivable 73500 Increase in Prepaid expenses -25400 Increase in Inventories -43500 4600 Net Cash Provided by Operating Activities 182400