Question

Salud Company reports net income of $400,000 for the year ended December 31, 2013. It also reports $80,000 depreciation expense and a $20,000 gain on the sale of machinery. Its comparative balance sheets reveal a $40,000 increase in accounts receivable, $6,000 increase in accounts payable, $12,000 decrease in prepaid expenses, and $2,000 decrease in wages payable.

Required
Prepare only the operating activities section of the statement of cash flows for 2013 using the indirect method.



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  • CreatedNovember 26, 2013
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