Operating Cash Flows: Indirect Method instruction Amount Descriptions Instructions Swasey Company provided the following partial comparative balance sheets and the income statement for 20X2 Swasey Company Partial Comparative Balance Sheets Al December 31, 20X1 and 20X2 20X1 20X2 2 Current Assets Accounts receivable 1,500,000.00 1.165,000.00 Inventories 600,000.00 640,000.00 Current liabilities Wages payable 1.400,000.00 1.050,000.00 Instructions Amount Descriptions Instructions Amount Descriptions Refer to the list below for the exact wording of an amount description within your Statement of Cash Flows. Amount Descriptions Add cost of goods sold Add interest expense Decrease in accounts receivable Decrease in inventories Decrease in wages payable Depreciation expense Gain on sale of equipment 47 Increase in accounts receivable Increase in inventarios Twages paydo TOODOO JOUDOU Instructions Amount Descriptions Statement of Cash Flows - Indirect Method Swasey Company Score: 42769 Statement of Cash Flows Year Ending December 31, 20X2 1. Net income 2 Add (deduct) adjusting items: 3 Depreciation expense 4 Gain on sale of equipment 5 Decrease in accounts receivable 6 Increase in inventories 7 Decrease in wages payable 3 Net cash from operating activities Check My Work All work saved, Save and Exit Submit Assignm Operating Cash Flows: Indirect Method instruction Amount Descriptions Instructions Swasey Company provided the following partial comparative balance sheets and the income statement for 20X2 Swasey Company Partial Comparative Balance Sheets Al December 31, 20X1 and 20X2 20X1 20X2 2 Current Assets Accounts receivable 1,500,000.00 1.165,000.00 Inventories 600,000.00 640,000.00 Current liabilities Wages payable 1.400,000.00 1.050,000.00 Instructions Amount Descriptions Instructions Amount Descriptions Refer to the list below for the exact wording of an amount description within your Statement of Cash Flows. Amount Descriptions Add cost of goods sold Add interest expense Decrease in accounts receivable Decrease in inventories Decrease in wages payable Depreciation expense Gain on sale of equipment 47 Increase in accounts receivable Increase in inventarios Twages paydo TOODOO JOUDOU Instructions Amount Descriptions Statement of Cash Flows - Indirect Method Swasey Company Score: 42769 Statement of Cash Flows Year Ending December 31, 20X2 1. Net income 2 Add (deduct) adjusting items: 3 Depreciation expense 4 Gain on sale of equipment 5 Decrease in accounts receivable 6 Increase in inventories 7 Decrease in wages payable 3 Net cash from operating activities Check My Work All work saved, Save and Exit Submit Assignm
