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Cramer Corporation formats operating cash flows using the indirect method. E: (Click the icon to view the income statement.) (Click the icon to view the
Cramer Corporation formats operating cash flows using the indirect method. E: (Click the icon to view the income statement.) (Click the icon to view the balance sheet.) How do accounts receivable affect Cramer's cash flows from operating activities for 2018? A. They increase cash provided by operating activities, B. They don't because accounts receivable result from investing activities OC. They don't because accounts receivable result from financing activities. OD. They decrease cash provided by operating activities 170,000 10,000 180.000 Cramer's Income Statement for 2018 Sales revenue Gain on sale of equipment Cost of goods sold Depreciation Other operating expenses Nel income The book value of equipment sold during 2018 was $22.000 110,000 7.500 27.000 Done kerating activities for 2018? 1 Data Table Cash Accounts receivable Cramer's Comparative Balance Sheets December 31, 2018 and 2017 2018 2017 3,500 $ 2,000 Accounts payable 6,000 11,000 Accrued liabilities 8,000 7,000 Common stock 89,000 71,000 Retained earnings $ 106,500 $ 91,000 2018 2017 7,000 $ 8,000 9,000 1,000 20,000 70,50072.000 106,500 5 91,000 Inventory Plant and equipment, net Print Done
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