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Ohio, Inc. uses the indirect method to prepare the statement of cash flows. Refer to the following income staten Ohio, Inc. Income Statement Year Ended
Ohio, Inc. uses the indirect method to prepare the statement of cash flows. Refer to the following income staten Ohio, Inc. Income Statement Year Ended December 31, 2024 Revenues and Gains: Sales Revenue $155,000 Interest Revenue 6,600 Total Revenues and Gains $161,600 Expenses and Losses: Cost of Goods Sold $120,000 Salary Expense 23,000 Depreciation Expense 7.100 Other Operating Expenses 13,100 Interest Expense 16.500 Ohio, Inc. uses the indirect method to prepare the statement of cash flows. Refer to the following income staten Ohio, Inc. Income Statement Year Ended December 31, 2024 Revenues and Gains: Sales Revenue $155,000 Interest Revenue 6,600 Total Revenues and Gains $161,600 Expenses and Losses: Cost of Goods Sold $120,000 Salary Expense 23,000 Depreciation Expense 7.100 Other Operating Expenses 13,100 Interest Expense 16.500
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