Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

can someone please help me answer these question. thank you. Selected Balance Sheet Accounts Prior Year Accounts Receivable $16,400 Inventories 22,000 Prepaid Rent 1,200 Accounts

can someone please help me answer these question. thank you.
image text in transcribed
Selected Balance Sheet Accounts Prior Year Accounts Receivable $16,400 Inventories 22,000 Prepaid Rent 1,200 Accounts Payable 12,200 Salaries and Wages Payable 2,400 Current Year $11,000 24,200 0 15,600 3,600 $330,000 Income Statement Sales Revenue Expenses: Cost of Goods Sold Depreciation Expense Salaries Expense Rent Expense Insurance Expense Interest Expense Utilities Expense Net Income 196,000 22,000 33,000 13,200 13,200 12,100 11,000 $ 29,500 Required: Prepare the cash flows from operating activities section of the statement of cas flows using the indirect method. (Enter any deductions and cash outflows as a negative value.) Pioneer Industries Cash Flows from Operating Activities Adjustments to reconcile net income to net cash provided by operating activities: Changes in current assets and current liabilities

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing Information And Cyber Security Governance

Authors: Robert E Davis

1st Edition

1000416089, 9781000416084

More Books

Students also viewed these Accounting questions

Question

7. What are the main provisions of the FMLA?

Answered: 1 week ago

Question

2. Do small companies need to develop a pay plan? Why or why not?

Answered: 1 week ago