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Ohio, Inc uses the indirect method to prepare the statement of cash flows. Hefer to the following income statement Ohio Inc Income Statement Year Ended
Ohio, Inc uses the indirect method to prepare the statement of cash flows. Hefer to the following income statement Ohio Inc Income Statement Year Ended December 31, 2024 - Revenues and Gains Sales Revenue $158,000 Interest Revenue 6.300 Total Revenues and Gains $162,300 Expenses and Losses Cost of Goods Sold $130,000 Salary Expense 24,000 Depreciation Expense 7,000 Other Operating Expenses 13,300 Interest Expense 10,000 Loss on Sale of Plant Assets 5.200 Income Tax Expense 5,800 Total Expenses and Losses 201.300 Net Income (Loss) $39,000) Additional information provided by the company includes the following: Current assets, other than cash, decreased by $5,100. Current liabilities increased by $2,200. Compute the net cash provided by (used for) operating activities A. $24.700 OB. S(46.300) Home/HQelites R Ragstock.com | Ne... G Google Home/ ACG2011 692345 Ohio, Inc. uses the indirect method to prepare the statement of cash flows. Refer to the following inco Ohio, Inc. Income Statement Year Ended December 31, 2024 Revenues and Gains: Sales Revenue Interest Revenue Total Revenues and Gains $156,000 6,300 $162,300 Expenses and Losses: Cost of Goods Sold $130,000 Salary Expense 24,000 Depreciation Expense 7,000 Other Operating Expenses 13,300 Interest Expense 16,000 Loss on Sale of Plant Assets 5,200 Income Tax Expense 5,800 Total Expenses and Losses Net Income I neel 201,300 5/30 1 A. $24,700 OB. $(46,300) O c. $10,300 OD. $(19,500)
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