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Help Save & Ext Electronic Wonders reports net income of $96,900. The accounting records reveal Depreciation Expense of $50,200 as well as increases in Prepaid
Help Save & Ext Electronic Wonders reports net income of $96,900. The accounting records reveal Depreciation Expense of $50,200 as well as increases in Prepaid Rent, Accounts Payable, and Income Tax Payable of $38,700, $24,100, and $21.300, respectively. Prepare the operating activities section of Electronic Wonders' statement of cash flows using the indirect method (Amounts to be deducted and negative values should be indicated by minus sign.) ELECTRONIC WONDERS Statement of Cash Flows (partial) Cash Flows from Operating Activities Net income Adjustments for noncash effects: Changes in current assets and cument liabilities $ 96,900 Net cash flows from operating activities $ 96,900 Subm < Prev 31 of 33 Next >> AO 0911
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