020 is $18,500 • There were no disposals of PP&E during the period. • The accumulated depreciation balance was $76,000 and $91,000 at the end of 2019 and 2020, respectively. Answer the following questions related to calculating Macejkovic Corp's operating cash flows using the indirect method for the year ended 12/31/2020. Do not leave any cell blank! Q1: To arrive at operating cash flows, what adjustment (if any) is made to Net Income for Depreciation Expense? $ If the adjustment is positive, enter your answer as a positive number. If the adjustment is negative, enter your answer as a negative number. If there is no adjustment, please enter 0. Q2: To arrive at operating cash flows, what adjustment (if any) is made to Net Income for Gains and Losses? $ If the adjustment is positive, enter your answer as a positive number. If the adjustment is negative, enter your answer as a negative number. If there is no adjustment, please enter 0. Q3: What are operating cash flows for Macejkovic Corp for the year ended 12/31/2020: $ Enter net cash inflows as a positive number and net cash outflows as a negative number. Ť
020 is $18,500 • There were no disposals of PP&E during the period. • The accumulated depreciation balance was $76,000 and $91,000 at the end of 2019 and 2020, respectively. Answer the following questions related to calculating Macejkovic Corp's operating cash flows using the indirect method for the year ended 12/31/2020. Do not leave any cell blank! Q1: To arrive at operating cash flows, what adjustment (if any) is made to Net Income for Depreciation Expense? $ If the adjustment is positive, enter your answer as a positive number. If the adjustment is negative, enter your answer as a negative number. If there is no adjustment, please enter 0. Q2: To arrive at operating cash flows, what adjustment (if any) is made to Net Income for Gains and Losses? $ If the adjustment is positive, enter your answer as a positive number. If the adjustment is negative, enter your answer as a negative number. If there is no adjustment, please enter 0. Q3: What are operating cash flows for Macejkovic Corp for the year ended 12/31/2020: $ Enter net cash inflows as a positive number and net cash outflows as a negative number. Ť
Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
Chapter4: Balance Sheet: Presenting And Analyzing Resources And Financing
Section: Chapter Questions
Problem 14E
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