Arundel Company disclosed the following information for its recent calendar year. Prepare the operating activities section of the statement of cash flows using the indirect method. Income Statement Data Selected Year-End Balance Sheet Data Revenues.. $100,000 Accounts receivable decrease...... $24,000 Expenses: Salaries expense . Utilities expense Depreciation expense. Other expenses 84,000 Purchased a machine for cash . 10,000 14,000 Salaries payable increase.. 18,000 14,600 Other accrued liabilities decrease 8,000 3,400 $ (16,000) Net loss
Arundel Company disclosed the following information for its recent calendar year. Prepare the operating activities section of the statement of cash flows using the indirect method. Income Statement Data Selected Year-End Balance Sheet Data Revenues.. $100,000 Accounts receivable decrease...... $24,000 Expenses: Salaries expense . Utilities expense Depreciation expense. Other expenses 84,000 Purchased a machine for cash . 10,000 14,000 Salaries payable increase.. 18,000 14,600 Other accrued liabilities decrease 8,000 3,400 $ (16,000) Net loss
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![Arundel Company disclosed the following information for its recent calendar year. Prepare the operating
activities section of the statement of cash flows using the indirect method.
Income Statement Data
Selected Year-End Balance Sheet Data
Revenues..
$100,000
Accounts receivable decrease......
$24,000
Expenses: Salaries expense .
Utilities expense
Depreciation expense.
Other expenses
84,000
Purchased a machine for cash .
10,000
14,000
Salaries payable increase..
18,000
14,600
Other accrued liabilities decrease
8,000
3,400
$ (16,000)
Net loss](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9f557adb-a889-4c20-a255-a6ebce7a1b10%2F0e4f9675-72f2-4e1e-be20-e1348a2f12a4%2Fizbrhng.jpeg&w=3840&q=75)
Transcribed Image Text:Arundel Company disclosed the following information for its recent calendar year. Prepare the operating
activities section of the statement of cash flows using the indirect method.
Income Statement Data
Selected Year-End Balance Sheet Data
Revenues..
$100,000
Accounts receivable decrease......
$24,000
Expenses: Salaries expense .
Utilities expense
Depreciation expense.
Other expenses
84,000
Purchased a machine for cash .
10,000
14,000
Salaries payable increase..
18,000
14,600
Other accrued liabilities decrease
8,000
3,400
$ (16,000)
Net loss
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