Grouper Ltd. had the following 2023 income statement data: Revenues $102,000 Expenses 48,000 $54,000 In 2023,...
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Grouper Ltd. had the following 2023 income statement data: Revenues $102,000 Expenses 48,000 $54,000 In 2023, Grouper had the following activity in selected accounts: Accounts Receivable Allowance for Expected Credit Losses 1/1/23 19.800 1,290 1/1/23 Revenues 102,000 1,180 Write-offs Write-offs 1,180 1,410 Loss on impairment 97,000 Collections 12/31/23 23,620 1,520 12/31/23 Prepare Grouper's cash flows from operating activities section of the statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a negative sign e.g. -10,000 or in parenthesis e.g. (10,000).) Grouper Ltd. Statement of Cash Flows (Indirect Method) For the Year Ended December 31, 2023 Cash Flows from Operating Activities Increase in Net Accounts Receivable Increase in Net Accounts Payable -3820 -230 Net Cash Provided by Operating Activities -4050 Grouper Ltd. had the following 2023 income statement data: Revenues $102,000 Expenses 48,000 $54,000 In 2023, Grouper had the following activity in selected accounts: Accounts Receivable Allowance for Expected Credit Losses 1/1/23 19.800 1,290 1/1/23 Revenues 102,000 1,180 Write-offs Write-offs 1,180 1,410 Loss on impairment 97,000 Collections 12/31/23 23,620 1,520 12/31/23 Prepare Grouper's cash flows from operating activities section of the statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a negative sign e.g. -10,000 or in parenthesis e.g. (10,000).) Grouper Ltd. Statement of Cash Flows (Indirect Method) For the Year Ended December 31, 2023 Cash Flows from Operating Activities Increase in Net Accounts Receivable Increase in Net Accounts Payable -3820 -230 Net Cash Provided by Operating Activities -4050
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