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Simply Charming Inc. had the following financial information for 2013. Prepare the operating section ONLY of the statement of cash flows using the indirect method.
Simply Charming Inc. had the following financial information for 2013. Prepare the operating section ONLY of the statement of cash flows using the indirect method. MovAssets: 2013 2012 Liabilities & Equity: 2013 2012 Cash 400,550 344,350 Accounts Payable 12,750 19,000 Accounts Receivable 120,000 160,000 Taxes Payable 3,800 2,100 Supplies 2,250 3,000 Total Current Liabilities 16,550 21,100 Inventory 310,000 260,000 Total Current Assets 832,800 767,350 Common Stock 270,000 270,000 Paid in capital in excess of par value, common stock 450,000 450,000 Furniture 64,000 77,000 Total Paid in
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