The account balances for the non-cash current assets and current liabilities of Kid-game Software Inc. are as follows:Accounts receivable4InventoryPrepaid expensesTotalsAccounts payableSalaries payableInterest payableTotalsDecember 312023$131,00093,10055,200$279,300$ 89,00026,70050,600$166,300Cash flows from operating activities:2022$110,100125,10050,600$285,800$ 68,40038,90041,700$149,000During 2023, Kid-game Software Inc. reported depreciation expense of $61,000. All purchases and sales are on account. Profit for2023 was $257,000.KID-GAME SOFTWARE INC.Statement of Cash FlowsFor Year Ended December 31, 2023Required:1. Prepare the operating activities section of the statement of cash flows using the indirect method. (List any deduction in cash andcash outflows as negative amounts.)002₁00Check my work#Next

The account balances for the non-cash current assets and current liabilities of Kid-game Software Inc. are as foll Accounts receivable A Inventory Prepaid expenses Totals Accounts payable Salaries payable Interest payable Totals December 31 2023 $131,000 2022 $110,100 93,100 125,100 55,200 50,600 $279,300 $285,800 $ 89,000 $ 68,400 26,700 38,900 50,600 41,700 $166,300 $149,000 During 2023, Kid-game Software Inc. reported depreciation expense of $61,000. All purchases and sales are on 2023 was $257,000. Cash flows from operating activities: Required: 1. Prepare the operating activities section of the statement of cash flows using the indirect method. (List any ded cash outflows as negative amounts.) KID-GAME SOFTWARE INC. Statement of Cash Flows For Year Ended December 31, 2023 00 2 00 # Next

The account balances for the non-cash current assets and current liabilities of Kid-game Software Inc. are as foll Accounts receivable A Inventory Prepaid expenses Totals Accounts payable Salaries payable Interest payable Totals December 31 2023 $131,000 2022 $110,100 93,100 125,100 55,200 50,600 $279,300 $285,800 $ 89,000 $ 68,400 26,700 38,900 50,600 41,700 $166,300 $149,000 During 2023, Kid-game Software Inc. reported depreciation expense of $61,000. All purchases and sales are on 2023 was $257,000. Cash flows from operating activities: Required: 1. Prepare the operating activities section of the statement of cash flows using the indirect method. (List any ded cash outflows as negative amounts.) KID-GAME SOFTWARE INC. Statement of Cash Flows For Year Ended December 31, 2023 00 2 00 # Next

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 16MCQ

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How I can calculate in which year Office Depot has the most financial liquidity using the data
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