Question

structions he net income reported on the income statemeet for the curent year was $330 ,400. Depreciation recorded on equpment and a buildng amounted to $t on equipment and a building amounted to $105,140 for the year Balances of the curent asset and curent kabity accourts at the beginning and end of the year are as End of Year Beginning of Year Cash Accounts recevable (net Inventories Prepaid espenses Accounts payable (merchandise credtors) Salanes payable $39,900 111,940 217550 209,050 $95,010 13,290 95,060 15,590 4 160 103,530 13,710 Required: A Prepare the Cash Flows from Operating Actrvibes section of the statement of cash fous using the indrect method Refer to the Amourt Descrpdons ast provwided for the eract wording of the anower choices for teut entries Use the minus sign to indicate cash outtows, cash payments decresses in caoh and for any adustments d required B fthe gect msthod had been ubed, would the net cash frow from operating activites have been ne same? more Chea My Wark uses remanng Previous Net All work saved t for Grading

Answer 1