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06-12-2019
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ansewrs Sheffield Company reported a net loss of $5500 for the year ended December 31, 2017. During the year, accounts receivable increased $14500, inventory decreased $11500, accounts payable decreased by $20300, and depreciation expense of $12100 was recorded. During 2017, operating activities

a. used net cash of $2,000
b. provided net cash of $8,000
c. provided net cash of $2,000
d. used net cash of $8,000

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andromache andromache

07-12-2019

Answer:

Net Cash flow from Operating activities -$16,700

Explanation:

The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:

Cash flow from Operating activities - Indirect method

Net loss -$5,500

Adjustment made:

Add : Depreciation expense $12,100

Less: Increase in accounts receivable -$14,500

Add: Decrease in inventory $11,500

Less: Decrease in accounts payable -$20,300

Total of Adjustments -$11,200

Net Cash flow from Operating activities -$16,700

This is the answer and the same is not provided in the given options

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