The following is accounting information taken from Woodrail Company's adjusted trial balance for 2016: In addition, the
Question:
In addition, the following changes occurred in selected accounts during 2016:
Required:
Using the direct method, prepare the cash flows from operating activities section of the 2016 statement of cash flows for woodrail.
Transcribed Image Text:
Debit Credit $75,000 Sales Interest Revenue Cost of Goods Sold Salanes Expense Interes Expense Income Tax Expense 4,300 $43,600 13,600 5,400 3,000 Accounts Receivable Inventory Accounts Payable Salaries Payable Interest Payable $5,700 credit 9,800 debit 7,000 credi 900 debit 300 credit
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WOODRAIL COMPANY Statement of Cash Flows Partial For Year Ended December 31 ...View the full answer
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Related Book For
Intermediate Accounting Reporting and Analysis
ISBN: 978-1285453828
2nd edition
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
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