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The net income for Gemini Company for 2020 was $100,000. following are some facts related to the Company: Depreciation Expense $14,000; Decrease in long-term bonds
The net income for Gemini Company for 2020 was $100,000. following are some facts related to the Company: Depreciation Expense $14,000; Decrease in long-term bonds payable 20,000 ; Increase in Accounts payable 5,000; Increase in salaries payable 9,000; Decrease in rent payable 3,000 ; Cash received from the sale of land 26,200; loss on sale of land 7,500; Increase in accounts Recivable 4,000 decrease in Inventory 15000 Repayment of a bank loan 12,400;Using the indirect method, calculate the net cash flows from operating activities
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