Question
A company's income statement for 2021 showed the following: Net income, SR1 5 0, 000; depreciation expense, SR 2 0,000 - Changes in current assets
A company's income statement for 2021 showed the following:
Net income, SR150, 000;
depreciation expense, SR20,000
Accounts receivable decreased SR20, 000
merchandise inventory increased 8,000
accounts payable increased 3,000.
Required: Prepare the operating activity section of the statement of cash flow using the indirect method.
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Accounting The Ultimate Guide To Accounting Principles
Authors: Greg Shields
1st Edition
1722964839, 978-1722964832
