Depreciation expense Loss on sale of equipment Income before income taxes Income tax expense Net income Accounts receivable Accounts payable Income taxes payable Marigold's balance sheet contained the following comparative data at December 31. 2025 $38.000 42,000 4,100 2024 $56,000 31.000 59,000 26,000 8,000 715,000 124,000 40,000 $84,000 (Accounts payable pertains to operating expenses) Prepare the operating activities section of the statement of cash flows using the direct method. MARIGOLD COMPANY Partial Statement of Cash Flows

Depreciation expense Loss on sale of equipment Income before income taxes Income tax expense Net income Accounts receivable Accounts payable Income taxes payable Marigold's balance sheet contained the following comparative data at December 31. 2025 $38.000 42,000 4,100 2024 $56,000 31.000 59,000 26,000 8,000 715,000 124,000 40,000 $84,000 (Accounts payable pertains to operating expenses) Prepare the operating activities section of the statement of cash flows using the direct method. MARIGOLD COMPANY Partial Statement of Cash Flows

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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