Question
Company reports net income of $ 530,000 for the year ended December 31, 2009. It also reports $ 95,400 depreciation expense and a $ 4,000 gain on the sale of machinery. Its comparative balance sheets reveal a $ 42,400 increase in accounts receivable, $21,730 increase in accounts payable, $ 11,660 decrease in prepaid expenses, and $16,430 decrease in wages payable.
Prepare only the operating activities section of the statement of cash flows for 2009 using the indirect method.(8 points).
Prepare only the operating activities section of the statement of cash flows for 2009 using the indirect method.(8 points).
Answers
595960
530000+95400-4000-42400+21730+11660-16430
h a m z a n a j a m @ h o t m a i l . c o m
530000+95400-4000-42400+21730+11660-16430
h a m z a n a j a m @ h o t m a i l . c o m
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