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Calculate the cash flows from operating activities using the DIRECT method. when I use the indirect method I get 50,000 for operating but for the
Calculate the cash flows from operating activities using the DIRECT method.
when I use the indirect method I get 50,000 for operating but for the direct I'm not getting the same. please help! SHOW YOUR WORK!
E-GAMES, INC For the year ended December 31,2018 dh nonca ome Sta ILLUSTRATION 11-6 Income Statement Balance Sheets, and Additional Information ustments to net ect method was se it is generally e United States For this reason, 1.012.000 for E-Games, Inc. Cost of goods sold rating expenses (salaries, rent, utilities) $650,000 286,000 9,000 ,000 5.000 Ope Depreciation expense Loss on sale of land Interest expense Income tax expense o directly show customers and ides to use the t method either statements t method using 16,000 Total expenses 970,000 42,000 E-GAMES, INC Balance Sheets December 31, 2018 and 2017 orting operating repare and is ly presents the Increase () or Decrease (D) 2018 2017 ns of the state- 62,000 $ 48,000 $14,000 27,000 20,000 7,000 ) Current assets: Cash Accounts recelvable inventory WS of cash flows, erating, invest- 35,000 45,00010,000 (D) 4,000 2,000 2,000 35,000 0 Long-term assets 35,000 70,000 80,000 10,000 (D) 90,000 70,000 20,000 (23,000)(14,000 9,000 300,000 $251,000 Investments Land Equipment Accumulated depreciation ment of cash Total assets (continued)Step by Step Solution
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