E22-1. Prepare Statement of Cash Flows, Indirect and Direct. Hockey Apparel Providers, Inc. provided the fol- lowing information for the current year. Simplified Income Statement Sales Cost of Goods Sold Depreciation Expense Selling, General, and Administrative Expenses Income Before Taxes Tax Expense Net Income Account Changes from the Balance Sheet Decrease in Accounts Receivable Decrease in Inventory Increase in Prepaid Expenses Decrease in Accounts Payable Increase in Income Taxes Payable Amount $2,452,000 (1,251,000) (178,000) (558,000) 465,000 (145,000) $ 320,000 $ 29,000 43,000 9,000 34,000 32,000

E22-1. Prepare Statement of Cash Flows, Indirect and Direct. Hockey Apparel Providers, Inc. provided the fol- lowing information for the current year. Simplified Income Statement Sales Cost of Goods Sold Depreciation Expense Selling, General, and Administrative Expenses Income Before Taxes Tax Expense Net Income Account Changes from the Balance Sheet Decrease in Accounts Receivable Decrease in Inventory Increase in Prepaid Expenses Decrease in Accounts Payable Increase in Income Taxes Payable Amount $2,452,000 (1,251,000) (178,000) (558,000) 465,000 (145,000) $ 320,000 $ 29,000 43,000 9,000 34,000 32,000

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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