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Use the information above to calculate cash flows from operating activities using the indirect method. Operating expenses (excluding depreciation) Dep reciation expense Income before taxes
Use the information above to calculate cash flows from operating activities using the indirect method.
Operating expenses (excluding depreciation) Dep reciation expense Income before taxes Income taxes expense Net income MOSS COMPANY Selected Balance Sheet Information MOSS Income For Year Ended Sales 549 , 357 , Cost of goods sold Gross profit 191, 128, 49 , 13, $ 5,800 COMPANY Statement December 31, 2021 At December 31 Current assets Cash Accounts receivable Inventory Current liabilities Accounts payable Income taxes payable 2021 $ 91,150 31,500 66,500 43, 2, 700 2020 33 , 300 45 , 55 , 400 32, 3, 500 Use the information above to calculate cash flows from operating activities using the indirect method. Note: Amounts to be deducted should be indicated by a minus sign. Cash flows from operating activities: Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash Changes in current operating assets and liabilities 49,000 49,000 49,000
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