Malibu Inc reported the following data Net income $393,750 Depreciation expense 67,500 Loss on disposal of equipment 27,450 Increase in accounts receivable 24,300 Increase in accounts payable 12,600 Prepare the Cash Flows from Operating Activities section of the statement of cash flows using the in...

Cash flows from operating activities Net income 393750 Adjustments to reconc ...

Malibu Inc. reported the following data: Net income ............$393,750 Depreciation expense .......... 67,500 Loss on disposal of

Question:

Malibu Inc. reported the following data:
Net income ............$393,750
Depreciation expense .......... 67,500
Loss on disposal of equipment .... 27,450
Increase in ...... 24,300
Increase in ...... 12,600
Prepare the Cash Flows from Operating Activities section of the statement of cash flows using the indirect method.

Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive... Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...