Question: Im never going to be an accounted,... required class, Im not sure how you guys do it *Exercise 12-04 Pharoah Company reported net income of

Im never going to be an accounted,... required class, Im not sure how you guys do it

Im never going to be an accounted,... required class, Im not sure

*Exercise 12-04 Pharoah Company reported net income of $184,850 for 2022. Pharoah Company also reported depreciation expense of $33,700 and a loss of $4,690 on the disposal of plant assets. The comparative balance sheets show an increase in accounts receivable of $15,150 for the year, a $15,640 increase in accounts payable, and a $4,030 increase in prepaid expenses. Prepare the operating activities section of the statement of cash flows for 2022. Use the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Pharoah Company Partial Statement of Cash Flows S Adjustments to reconcile net income to Question Attempts: 0 of 1 used

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