Question: i will thumbs up for correct answer and fast response Partial balance sheets and additional Information are listed below for Rickey Company Rickey Company Partial

 i will thumbs up for correct answer and fast response Partial
balance sheets and additional Information are listed below for Rickey Company Rickey
i will thumbs up for correct answer and fast response

Partial balance sheets and additional Information are listed below for Rickey Company Rickey Company Partial Balance Sheets as of December 31 2021 2020 Assets Cash $11,900 $31,000 Accounts receivable 76,000 61,900 Inventory 26,900 31,000 Liabilities Accounts payable $53,900 $71,000 Additional Information for 2021: Net Income was $151,000. Depreciation expense was $29,500. Required: Prepare the operating activities section of the statement of cash flows for 2021 using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) Cash flows from operating activities: Adjustment for noncash effects: Changes in operating assets and liabilities: Net cash flows from operating activities $ 0

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!