es Alfonza Incorporated presents its statement of cash flows using the indirect method. The following accounts and corresponding balances were drawn from the company's Year 2 and Year 1 year-end balance sheets: Account Title Accounts receivable Year 1 $ 17,200 10,200 Accounts payable The Year 2 income statement showed net income of $28,400. Required a. Prepare the operating activities section of the statement of cash flows. Note: Amounts to be deducted should be indicated with a minus sign. Cash flows from operating activities: Year 2 $ 15,100 8,550 Net cash flow from operating activities

es Alfonza Incorporated presents its statement of cash flows using the indirect method. The following accounts and corresponding balances were drawn from the company's Year 2 and Year 1 year-end balance sheets: Account Title Accounts receivable Year 1 $ 17,200 10,200 Accounts payable The Year 2 income statement showed net income of $28,400. Required a. Prepare the operating activities section of the statement of cash flows. Note: Amounts to be deducted should be indicated with a minus sign. Cash flows from operating activities: Year 2 $ 15,100 8,550 Net cash flow from operating activities

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter15: Statement Of Cash Flows

Section: Chapter Questions

Problem 21E

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