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solving this using indirect method View Policies Current Attempt in Prozress The income statement of Sheridan Company is presented here Additional information: 1. Acccants receivable
solving this using indirect method
View Policies Current Attempt in Prozress The income statement of Sheridan Company is presented here Additional information: 1. Acccants receivable decreased $385,800 during the year, and imventory decreased $317,800 2. Prepaid experses incread $177,800 during the year. 3. Accounstsayable to suppliers of inventory decreased 5330,800 during the year, 4. Accrued epenses payable decreased $107000 daring the year. 5. Adrminibtrative expenses include deprecistion expense of $97,400. Prepare the operating activities section of the statement of cash flows for the year ended Nowember 30,2022 , for Sheridan Compam. ining the indirect enethod, ishow amounts thot decrease cash flow with either a - sign es. 15,000 or in parentheid e.5- (15,000)} Adjustments lo reconcile net hncome to Step by Step Solution
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