Question
Exercise 12-4 Cosi Company reported net income of $222,890 for 2014. Cosi also reported depreciation expense of $37,210 and a loss of $5,370 on the
Exercise 12-4
Cosi Company reported net income of $222,890 for 2014. Cosi also reported depreciation expense of $37,210 and a loss of $5,370 on the disposal of plant assets. The comparative balance sheet shows an increase in accounts receivable of $16,620 for the year, a $18,300 increase in accounts payable, and a $4,330 increase in prepaid expenses. Prepare the operating activities section of the statement of cash flows for 2014. Use the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
COSI COMPANY Partial Statement of Cash Flows For the Year Ended December 31, 2014 Adjustments to reconcile net income to
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