Blaylock Company provided the following partial comparative balance sheets and the income statement for 2016. Blaylock Company
Question:
Blaylock Company
Income Statement
For the Year Ended December 31, 2016
Revenues ........................................$ 3,000,000
Gain on sale of equipment ........................100,000
Less: Cost of goods sold ......................(1,920,000)
Less: Depreciation expense .....................(270,000)
Less: Interest expense ..............................(10,000)
Net income ........................................$ 900,000
Required:
Compute operating cash flows using the indirect method.
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Related Book For
Cornerstones of Managerial Accounting
ISBN: 978-1305103962
6th edition
Authors: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
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