Net income of Trout Company was $37,000. The accounting records reveal depreciation expense of $72,000 as well as incre prepaid rent, salaries payable, and income taxes payable of $52,000, $15,000, and $12,000, respectively. Prepare the cash flows from operating activities section of Trout's statement of cash flows using the indirect method. Note: Amounts to be deducted should be indicated with a minus sign. Cash flows from operating activities Adjustments for noncash effects s 37,000 12.000

Net income of Trout Company was $37,000. The accounting records reveal depreciation expense of $72,000 as well as incre prepaid rent, salaries payable, and income taxes payable of $52,000, $15,000, and $12,000, respectively. Prepare the cash flows from operating activities section of Trout's statement of cash flows using the indirect method. Note: Amounts to be deducted should be indicated with a minus sign. Cash flows from operating activities Adjustments for noncash effects s 37,000 12.000

Name: A dedNet income of Trout Company was $37,000. The accounting records r
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Description: A dedNet income of Trout Company was $37,000. The accounting records reveal depreciation expense of $72,000 as well as increases iprepaid rent, salaries payable, and income taxes payable of $52,000, $15,000, and $12,000, respectively.Prepare the cash

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 15E

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