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The following accounts and corresponding balances were drawn from Jogger Company's Year 2 and Year 1 year-end balance sheets. Account Title Accounts receivable Prepaid rent Utilities payable Other operating expenses payable The Year 2 income statement is shown next. Year 2 Year 1 $73,600 $79,100 520 1,570 32,700 1,240 910 35,600 Income Statement Sales Rent expense Utilities expense Other operating expenses Net Income Required $297,000 (23,400) (35,500) D (167,900) $70,200 a. Prepare the operating activities section of the statement of cash flows using the direct method. b. Prepare the operating activities section of the statement of cash flows using the indirect method. سملة

The following accounts and corresponding balances were drawn from Jogger Company's Year 2 and Year 1 year-end balance sheets. Account Title Accounts receivable Prepaid rent Utilities payable Other operating expenses payable The Year 2 income statement is shown next. Year 2 Year 1 $73,600 $79,100 520 1,570 32,700 1,240 910 35,600 Income Statement Sales Rent expense Utilities expense Other operating expenses Net Income Required $297,000 (23,400) (35,500) D (167,900) $70,200 a. Prepare the operating activities section of the statement of cash flows using the direct method. b. Prepare the operating activities section of the statement of cash flows using the indirect method. سملة

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 9BE
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The following accounts and corresponding balances were drawn from Jogger Company's Year 2 and Year 1 year-end balance sheets. Account Title Accounts receivable Prepaid rent Utilities payable Other operating expenses payable The Year 2 income statement is shown next. Year 2 Year 1 $73,600 $79,100 520 1,570 32,700 1,240 910 35,600 Income Statement Sales Rent expense Utilities expense Other operating expenses Net Income Required $297,000 (23,400) (35,500) D (167,900) $70,200 a. Prepare the operating activities section of the statement of cash flows using the direct method. b. Prepare the operating activities section of the statement of cash flows using the indirect method. سملة
Transcribed Image Text:The following accounts and corresponding balances were drawn from Jogger Company's Year 2 and Year 1 year-end balance sheets. Account Title Accounts receivable Prepaid rent Utilities payable Other operating expenses payable The Year 2 income statement is shown next. Year 2 Year 1 $73,600 $79,100 520 1,570 32,700 1,240 910 35,600 Income Statement Sales Rent expense Utilities expense Other operating expenses Net Income Required $297,000 (23,400) (35,500) D (167,900) $70,200 a. Prepare the operating activities section of the statement of cash flows using the direct method. b. Prepare the operating activities section of the statement of cash flows using the indirect method. سملة
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