Cash Flows from Operating Activities (Indirect and Direct Methods)
Presented

question 4

Essay

Cash flows from operating activities (indirect and direct methods)
Presented below is the latest income statement of Oxford Ltd.: In addition, the following information related to net changes in working capital is available: $\begin{array}{lc}&\text { Debit}&\text { Credit}\\\text { Cash } & \$ 12,000 \\\text { Accounts rece ivable (net) }& 8,000 \\\text { Inventories }&&\$19,400 \\\text { Salar ies payable (operating expenses) } &6,000\\\text { Accounts payable } && 9,000 \\\text { Income tax payable. }&3,000\end{array}$ Oxford Ltd. also reports that depreciation expense for the year was $ 13,700 and that the deferred tax liability account increased $ 2,600.
Instructions
Prepare a schedule calculating the net cash flow from operating activities that would be shown on a statement of cash flows:
a) using the indirect method.
b) using the direct method.

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Definitions:

Competitive Move

An action taken by a company to strengthen its position in the market relative to its competitors.

Manufacturing Costs

The total expenses associated with the production of goods, including materials, labor, and overhead costs.

Marketing Costs

Expenses associated with promoting a company's goods or services.

Civil War

An internal conflict between groups within the same country, often over issues of governance, territory, religion, or ethnicity.