Refer to the following end-of-period information for the Spring Company: Spring Company uses the indirect method for
Question:
Refer to the following end-of-period information for the Spring Company:
Spring Company uses the indirect method for the Statement of Cash Flows. Net cash flows from operating activities for 2001 would be _______.
a. $196,000
b. $200,000
c. $206,000
d. $226,000
Transcribed Image Text:
2001 2000 Income statement data: . S20,000 Depreciation expense.. Loss on sale of equipment .10,000 Net income.. 200,000 Balance sheet data: S45,000 Accounts receivable S40,000 Merchandise inventory 20,000 30,000 Accounts payable 25,000 23,000 Accrued interest payable 9,000 8,000
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c 206000 Computation of the Net Cash flows from operating activities for 2001 Par...View the full answer
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Related Book For
Fundamental Accounting Principles Volume II
ISBN: 978-1259066511
14th Canadian Edition
Authors: Larson Kermit, Jensen Tilly
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