E12-8 (Algo) Reporting and Interpreting Cash Flows from Operating Activities from an Analyst's Perspective (Indirect Method)...
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E12-8 (Algo) Reporting and Interpreting Cash Flows from Operating Activities from an Analyst's Perspective (Indirect Method) LO12-2 Rodriguez Company completed its income statement and comparative balance sheet for the current year and provided the following information: Income Statement for Current Year Service revenue Expenses Salaries Depreciation Amortization of copyrights Other expenses. Net loss. Partial Balance Sheet Accounts receivable Salaries payable Other accrued liabilities $41,200 7,400 290 10,000 $ Cash flows from operating activities: Current Year $ 53,000 Prior Year 9,300 $ 15,900 13,000 2,600 RODRIGUEZ COMPANY Statement of Cash Flows (Partial) 58,890 $ (5,890) In addition, Rodriguez bought a small service machine for $6,600. Required: 1. Present the operating activities section of the statement of cash flows for Rodriguez Company using the indirect method. (List loss amount and cash outflows as negative amounts.) 1,500 5,200 E12-8 (Algo) Reporting and Interpreting Cash Flows from Operating Activities from an Analyst's Perspective (Indirect Method) LO12-2 Rodriguez Company completed its income statement and comparative balance sheet for the current year and provided the following information: Income Statement for Current Year Service revenue Expenses Salaries Depreciation Amortization of copyrights Other expenses. Net loss. Partial Balance Sheet Accounts receivable Salaries payable Other accrued liabilities $41,200 7,400 290 10,000 $ Cash flows from operating activities: Current Year $ 53,000 Prior Year 9,300 $ 15,900 13,000 2,600 RODRIGUEZ COMPANY Statement of Cash Flows (Partial) 58,890 $ (5,890) In addition, Rodriguez bought a small service machine for $6,600. Required: 1. Present the operating activities section of the statement of cash flows for Rodriguez Company using the indirect method. (List loss amount and cash outflows as negative amounts.) 1,500 5,200
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Related Book For
Financial Accounting
ISBN: 978-0078025556
8th edition
Authors: Robert Libby, Patricia Libby, Daniel Short
Posted Date:
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