The following information pertains to Satellite Company: Required: Present the operating activities section of the statement of

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The following information pertains to Satellite Company:

Income Statement for 2012 Sales $85,000 Expenses Cost of goods sold Depreciation expense Salaries expense $51,875 8,500

Required:
Present the operating activities section of the statement of cash flows for Satellite Company using the indirectmethod.

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Financial Accounting

ISBN: 978-0078111020

7th Edition

Authors: LibbyShort

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Question Posted: Dec 12, 2011 10:16 AM

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The following information pertains to Satellite Company: Required: Present the operating activities section of the statement of

Question:

Income Statement for 2012 Sales $85,000 Expenses Cost of goods sold Depreciation expense Salaries expense $51,875 8,500 12,000 72,375 $12,625 Net income Partial Balance Sheet 2012 2011 $10,500 $12,000 Accounts receivable Inventory Salaries payable 14,000 8,000 1,750 800

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Financial Accounting

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