Question

3-5 The current sections of Nasreen Co.'s statements of financial position at December
31, 2013 and 2014, are presented here. Nasreen's net income for 2014 was €153.000. Depre-
ciation expense was €24,000.
2014
Current assets
Prepaid expenses
Inventory
Accounts receivable
€ 27,000
158.000
110,000
105.000
€400,000
€ 25,000
172.000
79,000
99,000
€375.000
Total current assets
€ 15.000
Current liabilities
Accrued expenses payable
Accounts payable
Total current liabilities
1000
95.000
€100.000
€104.000
Instrucrions
Prepare the net cash provided by operating activities section of the company's statement of
cash flows for the year ended December 31, 2014, using the indirect method.
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Answer 1

Answer:

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