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This Question: 1 pt Cramer Corporation formats operating cash flows using the indirect method EER (Click the icon to view the income statement) FEE (Click
This Question: 1 pt Cramer Corporation formats operating cash flows using the indirect method EER (Click the icon to view the income statement) FEE (Click the icon to view the balance sheet.) How do Cramer's accrued liabilities affect the company's statement of cash flows for 2018? OA. They increase cash used by investing activities O B. They don't because the accrued liabilities are not yet paid O C. They increase cash used by financing activities O D. They increase cash provided by operating activities X Data Table Cramer's Income Statement for 2018 Sales revenue 170,000 Gain on sale of equipment 10,000 180,000 Cost of goods sold 110,000 Depreciation 7,500 27.000 144,500 Other operating expenses 35,500 Net income The book value of equipment sold during 2018 was $22,000 Done Print nent of cash flows for 2018? Data Table - X Cramer's Comparative Balance Sheets December 31, 2018 and 2017 2018 2017 2018 2017 Cash 3,500 S 2,000 Accounts payable 7,000 $ 8,000 Accounts receivable 6,000 11,000 Accrued liabilities 9,000 1,000 Inventory 8,000 7,000 Common stock 20,000 10,000 Plant and equipoment, net 89,000 71,000 Retained earnings 70,500 72,000 S 106,500 S 91,000 106,500 $ 91,000 Print Done
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