Question
Using the following information reported by a company, prepare the operating activities section of the statement of cash flows using the indirect method.(2 points) Net
Using the following information reported by a company, prepare the operating activities section of the statement of cash flows using the indirect method.(2 points)
Net Income $130,000
Depreciation Expense $ 20,000
Gain on sale of land $ 18,000
Increase in Prepaid Insurance $ 10,000
Decrease in Accounts Payable $ 12,000
Increase in Income Tax Payable $ 8,000
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Financial Accounting Tools For Business Decision Making
Authors: Donald E. Kieso, Paul D. Kimmel, Jerry J. Weygandt
8th Edition
1119316022, 978-1119316022
