A1 1 2 A fx Accessibility tab summary: Given information for this question is presented in...
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A1 1 2 A fx Accessibility tab summary: Given information for this question is presented in rows 2 through 12. Requirement information is presented in rows 14 through 35. D E B C F G H M N Shim Company presents its statement of cash flows using the indirect method. The following accounts and corresponding balances were drawn from Shim's Year 2 and Year 1 year-end balance sheets. 3 4 Account Title 5 Accounts receivable 6 Prepaid rent 7 Interest receivable 8 Accounts payable 9 Salaries payable 10 Unearned revenue Year 2 Year 1 $36,000 $37,200 $2,400 $1,800 $600 $400 $9,300 $10,400 $4,500 $5,200 $3,600 $5,400 11 The income statement reported a $1,500 gain on the sale of equipment, an $800 loss on the sale 12 of land, and $3,600 of depreciation expense. Net income for the period was $47,300. $1,500 $800 $3,600 $47,300 13 A1 1 2 A fx Accessibility tab summary: Given information for this question is presented in rows 2 through 12. Requirement information is presented in rows 14 through 35. D E B C F G H M N Shim Company presents its statement of cash flows using the indirect method. The following accounts and corresponding balances were drawn from Shim's Year 2 and Year 1 year-end balance sheets. 3 4 Account Title 5 Accounts receivable 6 Prepaid rent 7 Interest receivable 8 Accounts payable 9 Salaries payable 10 Unearned revenue Year 2 Year 1 $36,000 $37,200 $2,400 $1,800 $600 $400 $9,300 $10,400 $4,500 $5,200 $3,600 $5,400 11 The income statement reported a $1,500 gain on the sale of equipment, an $800 loss on the sale 12 of land, and $3,600 of depreciation expense. Net income for the period was $47,300. $1,500 $800 $3,600 $47,300 13
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