Question
MOSS COMPANY Income Statement For Year Ended December 31, 2021 Sales $544,000 355,600 Cost of goods sold 188,400 128,000 48,000 Gross profit Operating expenses (excluding
MOSS COMPANY
Income Statement
For Year Ended December 31, 2021
Sales
$544,000 355,600
Cost of goods sold
188,400 128,000
48,000
Gross profit
Operating expenses (excluding depreciation)
12,400
7,400
Depreciation expense Income before taxes
Income taxes expense
$5,000
Net income
MOSS COMPANY
Selected Balance Sheet Information
At December 31
Current assets
2021
2020.
Cash
$90,650
31,000
Accounts receivable
$ 32,800
44,000
Inventory
Current liabilities
66,000
55,300
Accounts payable Income taxes payable
42,400
2,650
31,700
3,400
Use the information above to calculate cash flows from operating activities using the indirect method.
QS 12-6 (Algo) Indirect: Computing cash from operations LO P2 Use the information above to calculate cash flows from operating activities using the indirect method. Note: Amounts to be deducted should be indicated by a minus signStep by Step Solution
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The Auditors Guide To Blockchain Technology Architecture Use Cases Security And Assurance Security Audit And Leadership Series
Authors: Shaun Aghili
1st Edition
1032078251, 978-1032078250
