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PROBLEM 13-10. Preparing the Operating Activities Section of the Statement of Cash Flows, Indirect Method [LO 3] The following are line items included in the
PROBLEM 13-10. Preparing the Operating Activities Section of the Statement of Cash Flows, Indirect Method [LO 3] The following are line items included in the 2018 statement of cash flows prepared by Goodly's Clothing Company: Depreciation expense Increase in accounts receivable Increase in accounts payable Increase in accrued salaries payable Increase in inventories Gain on disposal of long-term assets Increase in income taxes payable Net income $ 5,500 $ 1,500 $13,200 $ 4,300 $11,900 $ 150 $ 2,200 $17,000 REQUIRED Prepare the operating cash flow section of Goodly's statement of cash flows using the indirect method
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