Riverbed's balance sheet contained the following comparative data at December 31.Accounts receivableAccounts payableIncome taxes payable2025$38,00041,0003,8002024$53,00031,0008,500(Accounts payable pertains to operating expenses.)Prepare the operating activities section of the statement of cash flows using the indirect method. (Show amounts that decrease cashflow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Riverbed Company's income statement for the year ended December 31, 2025, contained the following condensed information.Service revenueOperating expenses (excluding depreciation)Depreciation expenseLoss on sale of equipmentIncome before income taxesIncome tax expenseNet income20252024$622,000counts receivable $38,000 $53,00059,00025,000$848,000706,000142,000Riverbed's balance sheet contained the following comparative data at December 31.40,000$102,000

CASH FLOW FROM OPERATING ACTIVITIES Operating Activities are Principal Revenue Producing Activities…

Riverbed's balance sheet contained the following comparative data at December 31. Accounts receivable Accounts payable Income taxes payable 2025 $38,000 41,000 3,800 2024 $53,000 31,000 8,500 (Accounts payable pertains to operating expenses.) Prepare the operating activities section of the statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Riverbed's balance sheet contained the following comparative data at December 31. Accounts receivable Accounts payable Income taxes payable 2025 $38,000 41,000 3,800 2024 $53,000 31,000 8,500 (Accounts payable pertains to operating expenses.) Prepare the operating activities section of the statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

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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