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6 Arundel Company disclosed the following information for its recent calendar year. 11.11 points Income Statement Data Revenues $120,000 Expenses Salaries expense 75,000 Utilities expense
6 Arundel Company disclosed the following information for its recent calendar year. 11.11 points Income Statement Data Revenues $120,000 Expenses Salaries expense 75,000 Utilities expense 33,000 Depreciation expense 31,800 Other expenses 7,600 Net loss $(27,400) Selected Year-End Balance Sheet Data Accounts receivable decrease $24,000 Purchased a machine for cash 18,000 Salaries payable increase 27,000 Other accrued liabilities decrease 15,000 Skipped eBook Required: 1. Prepare the operating activities section of the statement of cash flows using the indirect method. (Any losses or amounts to be deducted should be indicated with a minus sign.) Hint Cash flows from operating activities Print References 0
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