Question: help! just the answer Ohio, Inc uses the indirect method to prepare the statement of cash flows. Refer to the following income statement Ohio, Inc

help! just the answer
help! just the answer Ohio, Inc uses the indirect method to prepare

Ohio, Inc uses the indirect method to prepare the statement of cash flows. Refer to the following income statement Ohio, Inc Income Statement Year Ended December 31, 2018 Revenues and Gains Sales Revenue $156,000 Interest Revenue 6.200 Total Revenues and Gains 5162,200 Expenses and Losses Cost of Goods Sold $130,000 Salary Expense 23,000 Depreciation Expense 7,000 Other Operating Expenses 13 200 Interest Expense 16,300 Loss on Sale of Plant Assets 5,300 Income Tax Expense 5,800 Total Expenses and Losses 200,600 Net Income (Loss) $(38.400) Additional information provided by the company includes the following Current assets, other than cash, decreased by 55, 100 Current liabilities increased by $2,500 Compute the net cash provided by (used for) operating activities fo O A $23.800 OB S(18,500) OC. 510.400 OD 5(46,000)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!