Question
prepared the operating section of the statement of cash flow using the indirect method, which ones (could be one or multiple) of the following line
| Year0 | Year1 |
Cash | 3,000 | 2,000 |
AccountsReceivables | 2,000 | 5,000 |
Inventory | 3,000 | 4,000 |
Property, Plant and Equipment(net) | 12,000 | 11,000 |
AccountsPayable | 5,000 | 4,000 |
Unearned Revenue | 2,000 | 1,000 |
BondsPayable | 5,000 | 6,000 |
Common Stock | 3,000 | 4,000 |
RetainedEarnings | 5,000 | 7,000 |
Income Statement (Year 1) |
Sales 20,000 Costs of Goods Sold (8,000) Wage Expense (5,000) Depreciation Expense (2,000) Net Income Before Tax 5,000 Tax Expense (2,000) Net Income 3,000 |
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Get StartedRecommended Textbook for
Financial Accounting
Authors: LibbyShort
7th Edition
78111021, 978-0078111020
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