Featherstone Inc. reported the following data: Net income $296,000 Depreciation expense 113,100 Gain on disposal of equipment
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Featherstone Inc. reported the following data:
Net income $296,000
Depreciation expense 113,100
Gain on disposal of equipment 58,200
Decrease in accounts receivable 71,300
Decrease in accounts payable 27,100
Prepare the Cash Flows from (used for) Operating Activities section of the statement of cash flows, using the indirect method.
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Related Book For
Financial Accounting
ISBN: 9781337913102
16th Edition
Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider
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