Stewart Construction Corporation had a net income of $16,500 during 2014 In that year, the company had depreciation expense of $7,000 Accounts Receivable increased by $5,500, and Accounts Payable increased by $2,500 Those were the company 's only current assets and current liabilities Use the indir...

Stewart Construction Corporation Schedule of Cash Flows from Operating Activities For the Yea ...

Stewart Construction Corporation had a net income of $16,500 during 2014. In that year, the company had

Question:

Stewart Construction had a net income of $16,500 during 2014.
In that year, the company had depreciation expense of $7,000. increased by $5,500, and increased by $2,500. Those were the company's only current assets and current liabilities. Use the indirect method to determine net cash flows from operating activities.
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... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...