Question: Chewy w 2 Exercise 14-2A Use the Indirect method to determine cash flows from operating activities LO 14-1 33 34 points Rooney Incorporated presents its
Chewy w 2 Exercise 14-2A Use the Indirect method to determine cash flows from operating activities LO 14-1 33 34 points Rooney Incorporated presents its statement of cash flows using the indirect method. The following accounts and corresponding balances were drawn from the company's 2017 and 2016 year-end balance sheets: BOOK Account Title Accounts receivable Accounts payable 2017 2016 $11,500 $19,900 $ 7.000 2,450 Print sheferences The 2017 Income statement showed net income of $25,800 Required a. Prepare the operating activities section of the statement of cash flows. (Amounts to be deducted should be indicated with mina sign.) Cash flows from operating activities Net cash flow from operating activities
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