Question
Use the following information from Birch Companys balance sheets: Dec. 31, 2018 Dec. 31, 2017 Accounts Receivable $13,200 $15,800 Prepaid Insurance 4,500 3,900 Accounts Payable
Use the following information from Birch Companys balance sheets:
| Dec. 31, 2018 | Dec. 31, 2017 | ||
| Accounts Receivable | $13,200 | $15,800 | |
| Prepaid Insurance | 4,500 | 3,900 | |
| Accounts Payable | 9,100 | 8,000 | |
| Accured Liabilities | 3,000 | 3,700 |
Determine net cash flows from operating activities (indirect method), assuming net income for 2018 of $125,000.
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Accounting For Decision Making And Control
Authors: Jerold Zimmerman
10th International Edition
1260565475, 9781260565478
