Question
D Question 52 8 pts The Dickinson Company reported net income of $160,000 for the current year. Depreciation recorded on buildings and equipment amounted to
D Question 52 8 pts The Dickinson Company reported net income of $160,000 for the current year. Depreciation recorded on buildings and equipment amounted to $62,500 for the year. In addition, a building with an original cost of $250,000 and accumulated depreciation of $190,000 on the date of the sale, was sold for $45,000. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: Cash Accounts receivable Inventories Accounts payable Dividend Payable End of Year Beginning of Year $20,000 $15,000 19,000 32,000 50,000 65,000 12,000 18,000 9,000 6,000 Prepare the cash flows from the operating activities section of the statement of cash flows using the indirect method. HTML Editor BIUA AIE EE Y D 12pt - Paragraph
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