that income for 2020 Current assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Current liabilities Accrued expenses payable Accounts payable Total current liabilities 2019 2018 $107.500 $97,200 108,300 77,200 159,000 172,100 25,000 $401,000 $371.500 26,200 $14,400 $8,100 85,700 95,900 $100,100 $104,000 Prepare the net cash provided by operating activities section of the company's statement of cash flows for the year ended December 31, 2020, using indirect method. (Show amounts that decrease cash flow with either a-sign og 15,000 or in parenthesise (15,0001)

that income for 2020 Current assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Current liabilities Accrued expenses payable Accounts payable Total current liabilities 2019 2018 $107.500 $97,200 108,300 77,200 159,000 172,100 25,000 $401,000 $371.500 26,200 $14,400 $8,100 85,700 95,900 $100,100 $104,000 Prepare the net cash provided by operating activities section of the company's statement of cash flows for the year ended December 31, 2020, using indirect method. (Show amounts that decrease cash flow with either a-sign og 15,000 or in parenthesise (15,0001)

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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