Cash Flows: Summary of Adjustments for Indirect Method

Card Set Information

Author:
Elliott108nl
ID:
260973
Filename:
Cash Flows: Summary of Adjustments for Indirect Method
Updated:
2014-02-09 02:00:10
Tags:
Operating Investing Financing Cash Flow
Folders:
Cash Flow
Description:
Most common adjustments to net income when computing net cash provided (used) by operating activities
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  1. Adjustments for changes in current assets and current liabilities:
    • + Decrease in noncash current asset,
    • - Increase in noncash current asset,
    • + Increase in current liability,
    • - Decrease in current liability
  2. Adjustments for operating items not providing or using cash:
    + Depreciation, depletion, & amortization.
  3. Adjustments for non-operating items:
    • + Loss on disposal of long-term asset,
    • + Loss on retirement of debt,
    • - Gain on┬ádisposal of long-term asset,
    • - Gain on retirement of debt.
  4. Decrease in noncash current asset:
    +
  5. Increase in noncash current asset:
    -
  6. Increase in current liability:
    +
  7. Decrease in current liability:
    -
  8. Depreciation, depletion, & amortization:
    +
  9. Loss on disposal of long-term asset:
    +
  10. Loss on retirement of debt:
    +
  11. Gain on disposal of long-term asset:
    -
  12. Gain on retirement of debt:
    -

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