The following information pertains to Peak Heights Company Incone Statement for Current Year $ 86,300 Sales...
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The following information pertains to Peak Heights Company Incone Statement for Current Year $ 86,300 Sales Expenses Cost of goods sold Depreciation expense Salaries expense $51,675 7,500 11,700 70,875 Net income $ 15,425 Current Prior Partial Balance Sheet Accounts receivable Inventory Salaries payable year year $10,000 $ 14, 100 13,800 1,560 8,500 870 Required: Present the operating activities section of the statement of cash flows for Peak Heights Company using the indirect method. (List cosh outflows as negative amounts.) PEAK HEIGHTS COMPANY Statement of Cash Flows (Partial) Cash flows from operating activities The following information pertains to Peak Heights Company Incone Statement for Current Year $ 86,300 Sales Expenses Cost of goods sold Depreciation expense Salaries expense $51,675 7,500 11,700 70,875 Net income $ 15,425 Current Prior Partial Balance Sheet Accounts receivable Inventory Salaries payable year year $10,000 $ 14, 100 13,800 1,560 8,500 870 Required: Present the operating activities section of the statement of cash flows for Peak Heights Company using the indirect method. (List cosh outflows as negative amounts.) PEAK HEIGHTS COMPANY Statement of Cash Flows (Partial) Cash flows from operating activities
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PEAK HEIGHTS comPANY Atatement of cash Flowa partial Cash flows from operating act... View the full answer
Related Book For
Financial Accounting
ISBN: 978-0078025556
8th edition
Authors: Robert Libby, Patricia Libby, Daniel Short
Posted Date:
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