The income statement of Rodriquez Company is shown below. Additional information: 1. Accounts receivable decreased R$310,000 during
Question:
The income statement of Rodriquez Company is shown below.
Additional information:
1. Accounts receivable decreased R$310,000 during the year.
2. Prepaid expenses increased R$170,000 during the year.
3. Accounts payable to suppliers of merchandise decreased R$275,000 during the year.
4. Accrued expenses payable decreased R$120,000 during the year.
5. Administrative expenses include depreciation expense of R$60,000.
Instructions Prepare the operating activities section of the statement of cash flows for the year ended December 31, 2015, for Rodriquez Company, using the indirect method.
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Related Book For
Intermediate Accounting IFRS Edition
ISBN: 9781118443965
2nd Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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