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Layout RELICTICES .. I u ov Av A A B Ro... v/12 Evvv * A a) Trans link Corporation (TLC)began 2018 with accounts receivable, inventory,
Layout RELICTICES .. I u ov Av A A B Ro... v/12 Evvv * A a) Trans link Corporation (TLC)began 2018 with accounts receivable, inventory, and prepaid expenses totaling $65,000. At the end of the year, TLC had a total of $78,000 for these current assets. At the beginning of 2018, TLC owed current liabilities of $42,000, and at year-end, current liabilities totaled $40,000. Net income for the year was $80,000. Included in net income were a $4.000 gain on the sale of land and depreciation expense of $9,000. Show how TLC should report cash flows from operating activities for 2014. TL! the indirect method uses Answer: Trans Link Corporation Statement of Cash Flows For the year ending Dec 31st, 2018 Cash Flows from Operating activities
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