Arundel Company disclosed the following information for its recent calendar year. Selected Year-End Balance Sheet Data Accounts receivable decrease Purchased a machine for cash Salaries payable increase Interest payable decrease Income Statement Data Revenues Expenses: Salaries expense Utilities expense Depreciation expense Interest expense Net loss $ 100,000 69,000 29,000 29,600 7,600 $ (35,200) $ 25,00 23,06 23,00 16,06 Prepare the operating activities section of the statement of cash flows using the indirect method.
Arundel Company disclosed the following information for its recent calendar year. Selected Year-End Balance Sheet Data Accounts receivable decrease Purchased a machine for cash Salaries payable increase Interest payable decrease Income Statement Data Revenues Expenses: Salaries expense Utilities expense Depreciation expense Interest expense Net loss $ 100,000 69,000 29,000 29,600 7,600 $ (35,200) $ 25,00 23,06 23,00 16,06 Prepare the operating activities section of the statement of cash flows using the indirect method.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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