With the indirect method of cash flow compute operating activities of stevens utensils. Net income = $200,800 Balance sheet decrease in accounts receivable =13,400 Increase in accounts payable=14,100 Decrease in prepaid expenses=2,300 Loss on the disposal of plant assets = 5,200 Depreciation expenses=47,500
With the indirect method of cash flow compute operating activities of stevens utensils. Net income = $200,800 Balance sheet decrease in accounts receivable =13,400 Increase in accounts payable=14,100 Decrease in prepaid expenses=2,300 Loss on the disposal of plant assets = 5,200 Depreciation expenses=47,500
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 9E: Reporting changes in equipment on statement of cash flows An analysis of the general ledger accounts...
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