Question: Data for Eichorn Company are presented in P13 3B In P13 3B

Data for Eichorn Company are presented in P13-3B. In P13-3B, the income statement of Eichorn Company is presented on the shown below.
Additional information:
1. Accounts receivable decreased $320,000 during the year, and inventory increased $120,000.
2. Prepaid expenses increased $175,000 during the year.
3. Accounts payable to merchandise suppliers increased $50,000 during the year.
4. Accrued expenses payable increased $155,000 during the year.

Prepare the operating activities section of the statement of cash flows using the directmethod.

Sale on SolutionInn
  • CreatedFebruary 17, 2014
  • Files Included
Post your question