Homework Answers
Correct answer-----------(d) $118,266
Working
| Cash Flow from Operating Activities: | ||
| Net Income | $ 125,740 | |
| Adjustments to reconcile net loss to net cash flow from operating activities | ||
| Depreciation expense | $ 22,204 | |
| Changes in current operating assets and liabilities: | ||
| Decrease in accounts payable | -$ 15,492 | |
| Increase in Accounts receivables | -$ 14,186 | |
| -$ 7,474 | ||
| A. Cash Flow from Operating Activities | $ 118,266 |
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The following information is available from the current period financial statements: Net income $125,740 Depreciatio...
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the indirect method:
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please help i am confused
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Curwen Inc. reported net cash flow from operating activities of
$196,600 on its statement of cash flows for the year ended December
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the indirect method:
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please help i am confused
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