edugenwilleypluscom Kimmel Accounting 6e Help l ENT RESOURCE

edugen.willeyplus.com Kimmel, Accounting, 6e Help l ENT RESOURCES Exercise 12-4 wk due July 5th Revlew 12-1 Review 12-2 Your answer is partially correct. Try again The current sections of Teal Mountain Inc.\'s balance sheets at December 31, 2016 and 2017, are presented here. Teal $27,594 m 12-9A 2017 2016 Current assets core Results by Study 107,310 101,178 Cash Accounts receivable Inventory Prepaid expenses 81,760 171,696 27,594 $388,360 90,958 175,784 22,484 $390,404 Total current assets Current labilities Accrued expenses payable Accounts payable 15,330 86,870 $102,200 5,110 94,024 $99,134 Total current abilities Prepare the net cash provided (used) by operating activities section of the company\'s statement of cash flows for the y that decrease cash flow with either a -sign e.g.-15,000 or in parenthesis e.g. (15,000).) Teal Mountain Inc. Partial Statement of Cash Flows Cash Flows from Operating Activities Net Income 156366 Adjustments to reconcile net income to Net Cash used by Financing Activities Depreciation Expense 27594

Solution

Partial Statement of Cash Flows For the Year Ended December 31, 2017 Cash Flows from Operating Activities: Net Income 156366 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense 27594 Decrease in Accounts Receivable 9198 Decrease in Inventory 4088 Increase in prepaid expenses -5110 Decrease in Accrued expenses Payable 10220 Decrease in Accounts Payable -7154 38836 Net Cash Provided by Operating Activities 195202