(J) E13-3A. Cash Flow from Operating Activities (Indirect Method) The Washington Company owns noplant assets and had the following income statement for theyear:Sales revenue.Cost of goods soldWages expenseRent expense.Insurance expenseNet incomeAdditional information about the company includes:Accounts receivableInventory..Prepaid insurance.Accounts payableWages payable.$470,000120,00050,00015,000End ofYear$54,00060,0008,00024,0007,000$900,000655,000$245,000Beginningof Year$51,00076,0007,00018,00011,000Use the preceding information to calculate the cash flow from operating activities using the indirectpg. 13-31E13-10A. Operating Cash Flows (Direct Method) Refer to the information in Exercise E13-3A. Calculatethe cash flow from operating activities using the direct method. Show a related cash flow for eachrevenue and expense.

The cash flow from operating activities include the cash flow from regular activities of the…

Cash Flow from Operating Activities (Indirect Method) The Washington Company owns plant assets and had the following income statement for the year: Sales revenue.. Cost of goods sold Wages expense Rent expense Insurance expense Net income.. Additional information about the company includes: $470,000 120,000 50,000 15,000 End of Year $900,000 $54,000 60,000 8,000 24,000 7,000 655,000 $245,000 Beginning of Year Accounts receivable. Inventory. Prepaid insurance. Accounts payable Wages payable. eceding information to calculate the cash flow from operating activities using the indirec $51,000 76,000 7,000 18,000 11,000 Operating Cash Flows (Direct Method) Refer to the information in Exercise E13-3A. Calcula he cash flow from operating activities using the direct method. Show a related cash flow for ea

Cash Flow from Operating Activities (Indirect Method) The Washington Company owns plant assets and had the following income statement for the year: Sales revenue.. Cost of goods sold Wages expense Rent expense Insurance expense Net income.. Additional information about the company includes: $470,000 120,000 50,000 15,000 End of Year $900,000 $54,000 60,000 8,000 24,000 7,000 655,000 $245,000 Beginning of Year Accounts receivable. Inventory. Prepaid insurance. Accounts payable Wages payable. eceding information to calculate the cash flow from operating activities using the indirec $51,000 76,000 7,000 18,000 11,000 Operating Cash Flows (Direct Method) Refer to the information in Exercise E13-3A. Calcula he cash flow from operating activities using the direct method. Show a related cash flow for ea

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Chapter1: Financial Statements And Business Decisions

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Question

(J)

E13-3A. Cash Flow from Operating Activities (Indirect Method) The Washington Company owns no
plant assets and had the following income statement for the
year:
Sales revenue.
Cost of goods sold
Wages expense
Rent expense.
Insurance expense
Net income
Additional information about the company includes:
Accounts receivable
Inventory..
Prepaid insurance.
Accounts payable
Wages payable.
$470,000
120,000
50,000
15,000
End of
Year
$54,000
60,000
8,000
24,000
7,000
$900,000
655,000
$245,000
Beginning
of Year
$51,000
76,000
7,000
18,000
11,000
Use the preceding information to calculate the cash flow from operating activities using the indirect
pg. 13-31
E13-10A. Operating Cash Flows (Direct Method) Refer to the information in Exercise E13-3A. Calculate
the cash flow from operating activities using the direct method. Show a related cash flow for each
revenue and expense.

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