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Arundel Company disclosed the following information for its recent calendar year. Income Statement Data Revenues Expenses: Salaries expense Utilities expense Depreciation expense Other expenses Net loss $ 80,000 73,000 33,000 28,200 6,800 $(61,000) Selected Year-End Balance Sheet Data Accounts receivable decrease Purchased a machine for cash Salaries payable increase Other accrued liabilities decrease $26,000 20,000 27,000 12,000 Prepare the operating activities section of the statement of cash flows using the indirect method. (Any loss

Arundel Company disclosed the following information for its recent calendar year. Income Statement Data Revenues Expenses: Salaries expense Utilities expense Depreciation expense Other expenses Net loss $ 80,000 73,000 33,000 28,200 6,800 $(61,000) Selected Year-End Balance Sheet Data Accounts receivable decrease Purchased a machine for cash Salaries payable increase Other accrued liabilities decrease $26,000 20,000 27,000 12,000 Prepare the operating activities section of the statement of cash flows using the indirect method. (Any loss

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Arundel Company disclosed the following information for its recent calendar year. Income Statement Data Revenues Expenses: Salaries expense Utilities expense Depreciation expense Other expenses Net loss $80,000 73,000 33,000 28,200 6,800 $(61,000) Cash flows from operating activities Net loss Depreciation expense Selected Year-End Balance Sheet Data Accounts receivable decrease. Purchased a machine for cash. Salaries payable increase Other accrued liabilities decrease Prepare the operating activities section of the statement of cash flows using the indirect method. (Any loss or amounts to be deducted should be indicated with a minus sign.) Statement of Cash Flows (partial) Y $ $ 61,000 28,200 $26,000 20,000 27,000 12,000 89.200
Transcribed Image Text:Arundel Company disclosed the following information for its recent calendar year. Income Statement Data Revenues Expenses: Salaries expense Utilities expense Depreciation expense Other expenses Net loss $80,000 73,000 33,000 28,200 6,800 $(61,000) Cash flows from operating activities Net loss Depreciation expense Selected Year-End Balance Sheet Data Accounts receivable decrease. Purchased a machine for cash. Salaries payable increase Other accrued liabilities decrease Prepare the operating activities section of the statement of cash flows using the indirect method. (Any loss or amounts to be deducted should be indicated with a minus sign.) Statement of Cash Flows (partial) Y $ $ 61,000 28,200 $26,000 20,000 27,000 12,000 89.200
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