Manuel, Inc. reported net income of $2.50 million in 2014. Depreciation for the year was $160,000, accounts receivable decreased $350,000, and accounts payable decreased $280,000.
Compute net cash provided by operating activities using the indirect approach. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
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Manuel, Inc.
Statement of Cash Flows-Indirect Approach
For the Year 2014
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Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
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Accounts Receivable Increase Accounts Payable Increase Decrease in Account Payable Net Income Depreciation Expense Decrease in Account Receivable
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$
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Adjustments to reconcile net income to
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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
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Decrease in Account Payable Accounts Receivable Increase Decrease in Account Receivable Accounts Payable Increase Net Income Depreciation Expense
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$
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Accounts Receivable Increase Decrease in Account Payable Accounts Payable Increase Decrease in Account Receivable Depreciation Expense Net Income
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Accounts Payable Increase Net Income Decrease in Account Payable Depreciation Expense Decrease in Account Receivable Accounts Receivable Increase
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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
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