1 s kipped eBook Exercise 12-4A (Algo) Use the direct method to determine cash flows from operating activities LO 12-2 The following accounts and corresponding balances were drawn from Avia Company's Year 2 and Year 1 year-end balance sheets: Year 2 $ 7,400 1,720 Year 1 $ 4,800 2,690 Account Title Unearned revenue Prepaid rent During the year, $66,000 of unearned revenue was recognized as having been earned. Rent expense for Year 2 was $20,500. Required Based on this information alone, prepare the operating activities section of the statement of cash flows assuming the direct approach is used. Note: Amounts to be deducted should be indicated with a minus sign. Cash flow from operating activities: Net cash flow from operating activities Check my work $ 0

1 s kipped eBook Exercise 12-4A (Algo) Use the direct method to determine cash flows from operating activities LO 12-2 The following accounts and corresponding balances were drawn from Avia Company's Year 2 and Year 1 year-end balance sheets: Year 2 $ 7,400 1,720 Year 1 $ 4,800 2,690 Account Title Unearned revenue Prepaid rent During the year, $66,000 of unearned revenue was recognized as having been earned. Rent expense for Year 2 was $20,500. Required Based on this information alone, prepare the operating activities section of the statement of cash flows assuming the direct approach is used. Note: Amounts to be deducted should be indicated with a minus sign. Cash flow from operating activities: Net cash flow from operating activities Check my work $ 0

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter23: Statement Of Cash Flows

Section: Chapter Questions

Problem 9SPA

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