Pier Inc reported the following data Net income $150,000 Depreciation expense 25,000 Loss on disposal of equipment 14,300 Increase in accounts receivable 9,400 Increase in accounts payable 4,300 Prepare the cash flows from operating activities section of the statement of cash flows using the indire...

Cash flows from operating activities Net income 150000 Adjustments to reconc ...

Pier Inc. reported the following data: Net income ......... $150,000 Depreciation expense ...... 25,000 Loss on disposal

Question:

Pier Inc. reported the following data:
Net income ......... $150,000
Depreciation expense ...... 25,000
Loss on disposal of equipment . 14,300
Increase in .. 9,400
Increase in ... 4,300

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...