Question

The following information comes from the balance sheets of Moonlight Spa Treatments, Inc., at March 31, 2011 and 2010:


Net income for the year ended March 30, 2011, was $105,700. Included in the operating expenses for the year was depreciation expense of $98,000.

Requirement
Prepare the cash from operating activities section of Moonlight Spa Treatments, Inc.’s statement of cash flows for the year March 31, 2011. Use the indirectmethod.


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  • CreatedSeptember 01, 2014
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