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New Vision Company completed its income statement and balance sheet and provided the following information: $ 67,200 16.66 points Service Revenue Expenses: Salaries and Wages
New Vision Company completed its income statement and balance sheet and provided the following information: $ 67,200 16.66 points Service Revenue Expenses: Salaries and Wages Depreciation Utilities Office Net Income Decrease in Accounts Receivable Paid cash for equipment Increase in Salaries and Wages Payable Decrease in Accounts Payable $ 42,600 7, 420 6, 120 2,300 eBook 58,440 $ 8,760 Hint $ 13, 200 6, 200 10, 200 4,850 Print References Required: 1. Present the operating activities section of the statement of cash flows for New Vision Company using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) NEW VISION COMPANY Cash Flows from Operating ActivitiesIndirect Method Adjustments to Reconcile Net Income to Cash Provided by Operating Activities 1. Present the operating activities section of the statement of cash flows for New Vision Company using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) 16.66 points NEW VISION COMPANY Cash Flows from Operating ActivitiesIndirect Method eBook Hint Adjustments to Reconcile Net Income to Cash Provided by Operating Activities Print References Changes in Current Assets and Current Liabilities $
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