Electronic Wonders reports net income of $96,700. The accounting records reveal Depreciation Expense of $51,400 as well as increases in Prepaid Rent, Accounts Payable, and Income Tax Payable of $38,200, $23,300, and $20,900, respectively. Prepare the operating activities section of Electronic Wonders' statement of cash flows using the indirect method. (Amounts to be deducted and negative values should be indicated by minus sign.) ELECTRONIC WONDERS

Electronic Wonders reports net income of $96,700. The accounting records reveal Depreciation Expense of $51,400 as well as increases in Prepaid Rent, Accounts Payable, and Income Tax Payable of $38,200, $23,300, and $20,900, respectively. Prepare the operating activities section of Electronic Wonders' statement of cash flows using the indirect method. (Amounts to be deducted and negative values should be indicated by minus sign.) ELECTRONIC WONDERS

Name: Electronic Wonders reports net income of $96,700. The accounting reco
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Description: Electronic Wonders reports net income of $96,700. The accounting records reveal Depreciation Expense of $51,400 as well asincreases in Prepaid Rent, Accounts Payable, and Income Tax Payable of $38,200, $23,300, and $20,900, respectively.Prepare the

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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Subject: acounting
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