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Brudah Company has the following information: - increase in A/R = $12,000 - decrease in inventories = $8,000 - decrease in prepaid expenses = $4,000
Brudah Company has the following information:
- increase in A/R = $12,000
- decrease in inventories = $8,000
- decrease in prepaid expenses = $4,000
- increase in A/P = $6,000
- decrease in salaries pay = $3,000
- net income for 2014 = $802,000
- depreciation expense = $7,000
- gain on the sale of equipment = $2,000
Prepare Operating Activities section of the Cashflows Statement assuming the indirect method.
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