Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please make a chart so its easier for me to fill in Save Help 6 MOSS COMPANY Income Statement For Year Ended December 31, 2021
please make a chart so its easier for me to fill in
Save Help 6 MOSS COMPANY Income Statement For Year Ended December 31, 2021 Sales Cost of goods sold Gross profit Operating expenses (excluding depreciation) Depreciation expense Income before taxes Income taxes expense Net income 20 points $ 535, de 339,600 195,480 124,000 40,000 31,400 10,60 $ 20,800 8 025210 MOSS COMPANY Selected Balance Sheet Information At December 31 2021 2020 Current assets Cash $ 86,650 Accounts receivable $ 28,800 27,000 36,000 Inventory 62,899 54,500 Current liabilities Accounts payable 34,400 27,700 Income taxes payable 2,250 2,600 Use the information above to calculate cash flows from operating activities using the indirect method (Amounts to be deducted should be indicated by a minus sign.) Use the information above to calculate cash flows from operating activities using the indirect method. (Amounts to be deducte should be indicated by a minus sign.) Cash flows from operating activities: Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash $ 40,000 Changes in current operating assets and liabilities Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started