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answer it all please Is mark) Question 3 Presented below is the income statement of Amman Inc. for 2021 Sales $380,000 Cost of goods sold
answer it all please
Is mark) Question 3 Presented below is the income statement of Amman Inc. for 2021 Sales $380,000 Cost of goods sold 225,000 Grous profit $155,000 Operating expenses 85.000 Income before income taxes 70,000 Income taxes 28 000 Net income $ 42,000 . Notes: Operating expenses includes depreciation expense for the year for $16.700 Income taxes amount include $ 6000 related to financing activities The company does not include any interest or dividend cash flows in the operating section of the statement of cash flows. In addition, the following information related balances of current assets and current liabilities shown in statement of financial position as follows 31/12/2020 31/12/2021 Cash 12000 24000 1 Account receivable 15000 30000 Prepaid Insurance 20000 25000 Inventories 29400 10000 Accounts payable 20000 33000 Instructions Prepare a schedule computing the net cash flow from operating activities that would be shown on a statement of cash flows using the indirect method Answer Amman Inc. Statement of Cash Flows (Indirect Method) Instructions Prepare a schedule computing the net cash flow from operating activities that would be shown on a statement of cash flows using the indirect method. Answer Amman Inc. Statement of Cash Flows (Indirect Method) Step by Step Solution
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