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View Policies Current Attempt in Progress Motlock Company reported net income of $ 410,000 for the current year. Depreciation recorded on buildings and equipment amounted
View Policies Current Attempt in Progress Motlock Company reported net income of $ 410,000 for the current year. Depreciation recorded on buildings and equipment amounted to $ 72,000 for the year. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: End of Year $ 22,500 Beginning of Year $ 18,000 Cash Accounts receivable 22,000 32.000 Inventory 59,500 62,000 Accounts payable 13,900 18,300 Prepare the cash flows from the operating activities section of the statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a sign eg.-15,000 or in parenthesis eg. (15,000) METLOCK COMPANY Partial Statement of Cash Flows Adjustments to reconcile net income to Accounts payable 13.900 18,300 Prepare the cash flows from the operating activities section of the statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a -sign eg. - 15.000 or in parenthesis es. (15,0001) METLOCK COMPANY Partial Statement of Cash Flows Adjustments to reconcile net income to
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