The income statement of Rodriquez Company is shown below. Additional information: 1. Accounts receivable decreased $310,000 during

Question:

The income statement of Rodriquez Company is shown below.

                    

Additional information:
  1. Accounts receivable decreased $310,000 during the year.
  2. Prepaid expenses increased $170,000 during the year.
  3. Accounts payable to suppliers of merchandise decreased $275,000 during the year.
  4. Accrued expenses payable decreased $120,000 during the year.
  5. Administrative expenses include depreciation expense of $60,000.

Instructions
Prepare the operating activities section of the statement of cash flows for the year ended December 31, 2012, for Rodriquez Company, using the indirect method.

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Related Book For  answer-question

Intermediate Accounting

ISBN: 978-0470587287

14th Edition

Authors: kieso, weygandt and warfield.

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