X S11-4 (similar to) Scenic Industries began 2018 with accounts receivable, inventory, and prepaid expenses totaling $53,000 and its total curre these same current assets totaled $48,000, while its total current liabilities totaled $27,000. Net income for the year was $2 on the sale of land and depreciation expense of $11,000. Show how Scenic should report cash flows from operating activities for 2018. The company uses the indirect method. (Use subtracted and for a net decrease in cash.) Cash flows from operating activities: Net income 20000 Adiustments to reconcile net income to net cash Choose from any list or enter any number in the input fields and then click Check Answer. 1 of 4 (1 complete) HW Score: 0%, 0 of 26 Score: 0 of 5 pts Question Help S11-4 (similar to) Scenic Industries began 2018 with accounts receivable, inventory, and prepaid expenses totaling $53,000 and its total current liabilities totaling $33,000. At the end of the year, these same current assets totaled $48,000, while its total current liabilities totaled $27,000. Net income for the year was $20,000. Included in net income were a $3,000 gain on the sale of land and depreciation expense of $11,000 Show how Scenic should report cash flows from operating activities for 2018. The company uses the indirect method. (Use parentheses or a minus sign for numbers to be cach 1 of 4 (1 complete) Score: 0 of 5 pts XS11-4 (similar to) Scenic Industries began 2018 with accounts receivable, inventory, and prepaid expenses totaling $53,000 and its total curr these same current assets totaled $48,000, while its total current liabilities totaled $27,000. Net income for the year was $2 on the sale of land and depreciation expense of $11,000. Show how Scenic should report cash flows from operating activities for 2018. The company uses the indirect method. (Use subtracted and for a net decrease in cash.) Depreciation 11000 Gain on sale of land (3000) Decrease in accounts receivable, inventory, and prepaid expenses 8000 Decrease in current liabilities (3000)|| (8000)
