Homework Answers
|
Cash Flows from Operating Activities using Indirect Method for Year
ended 31st December, Year 2 |
$ |
| Net Income | 76,000 |
| Adjustments for the following | |
| Depreciation | 42,000 |
| Decrease in Accounts Receivables | 6,200 |
| Increase in Inventory | (16,000) |
| Increase in Accounts Payables | 4,000 |
| Decrease in Prepaid expenses | 1,200 |
| Decrease in Income Tax payable | (1,800) |
| Net cash flows from Operating Activities | 111,600 |
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Portions of the financial statements for a company are provided below. Income Statement For the year...
Check my work Portions of the financial statements for Peach Computer are provided below. 16.66 points...
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