Question
The current sections of Teal Inc's balance sheets at December 31, 2024 and 2025, are presented here. Teal's net income for 2025 was $237,150. Depreciation
The current sections of Teal Inc's balance sheets at December 31, 2024 and 2025, are presented here. Teal's net income for 2025 was $237,150. Depreciation expense was $41,850.
2025
2024
Current assets
Cash
Accounts receivable
Inventory
Prepaid expenses
Total current assets
Current liabilities
Accrued expenses payable
Accounts payable
Total current liabilities
.$162.750
124.000
260.400
41.850
$589.000
$ 153.450
137.950
266.600
34.100
$592.100
$ 23.250
131,750
$155.000
$ 7.750
142,600
$ 150.350
Prepare the operating activities section of the company's statement of cash flows for the year ended December 31, 2025, using the
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
Financial Accounting An Introduction To Concepts Methods And Uses
Authors: Clyde P. Stickney, Roman L. Weil
9th Edition
0030259622, 978-0030259623
