Partial balance sheets and additional information are listed below for Sowell Company Sowell Company Partial Balance...
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Partial balance sheets and additional information are listed below for Sowell Company Sowell Company Partial Balance Sheets as of December 31 2018 2017 Assets Cash $41,000 $20, 900 70,900 41,000 Accounts receivable Inventory Liabilities ৪৪, 000 35,900 Accounts payable $54,900 $63,000 Additional information for 2018: Net income was $89,000. Depreciation expense was $19,500. Required: Prepare the operating activities section of the statement of cash flows for 2018 using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) Partial balance sheets and additional information are listed below for Sowell Company Sowell Company Partial Balance Sheets as of December 31 2018 2017 Assets Cash $41,000 $20, 900 70,900 41,000 Accounts receivable Inventory Liabilities ৪৪, 000 35,900 Accounts payable $54,900 $63,000 Additional information for 2018: Net income was $89,000. Depreciation expense was $19,500. Required: Prepare the operating activities section of the statement of cash flows for 2018 using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)
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Cash flow from operating activities Net income 89000 Adjus... View the full answer
Related Book For
Financial and Managerial Accounting the basis for business decisions
ISBN: 978-0078025778
17th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
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