Health Sports Company had the following beginning balances as at January 1, 2024 and reported the following
Question:
Health Sports Company had the following beginning balances as at January 1, 2024 and reported the following data at year ended December 31, 2024:
Net income for 2024 was $28,000. Net income included a $5,000 loss on the sale of an equipment and a depreciation expense of $6,000.
Requirement
Prepare the operating activities section using the indirect method for Health Sports’
statement of cash flows for the year ended December 31, 2024.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Horngrens Financial And Managerial Accounting The Managerial Chapters
ISBN: 9781292412337
7th Global Edition
Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura
Question Posted: