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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
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 many items enter the computation of Cramer's net cash flow from investing activities for 2018? OA. 7 OB. 3 OC. 5 OD. 2 i Data Table Cramer's Income Statement for 2018 $ Sales revenue 170,000 10,000. Gain on sale of equipment $ 180,000 $ Cost of goods sold Depreciation 110,000 7,500 27,000 Other operating expenses 144,500 35,500 $ Net income * The book value of equipment sold during 2018 was $22,000. Print Done i Data Table 2017 Cash 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 Accounts receivable Inventory 7,000 $ 9,000 20,000 70,500 106,500 $ 8,000 1,000 10,000 72,000 91,000 Plant and equipment, net $ Print Done
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