Beta Company current asset and liability balances for the past two years are as follows. December 2016 December 201 Accounts receivable RM80,000 RM65,000 Inventory RM130,000 RM140,000 Accounts payable RM45,000 RM40,000 Accrued liabilities RM12,000 RM15,000 Net income for the year was RM120,000 and depreciation expense was RM15,000. Prepare operating activities section of cash flow statement.

Beta Company current asset and liability balances for the past two years are as follows. December 2016 December 201 Accounts receivable RM80,000 RM65,000 Inventory RM130,000 RM140,000 Accounts payable RM45,000 RM40,000 Accrued liabilities RM12,000 RM15,000 Net income for the year was RM120,000 and depreciation expense was RM15,000. Prepare operating activities section of cash flow statement.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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