Question: my answer is not complete. please help me complete it . t Guppy (Poecilia Ret... fickle- Dictionary D Tinnitus Terminator Tutorvista Ins Check my work

. t Guppy (Poecilia Ret... fickle- Dictionary D Tinnitus Terminator Tutorvista Ins Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate compl Re New Vision Company completed its income statement and balance sheet and provided the following information: Service Revenue Expenses: Salaries and Wages Depreciation Utilities office $66,000 $42,000 7,300 6,000 1,700 57,000 Net Income $ 9,000 Decrease in Accounts Receivable Paid cash for equipment Increase in Salaries and Wages Payable Decrease in Accounts Payable $12,000 5,000 9,000 4,250 Required: 1. Present the operating activities section of the statement of cash flows for New Vision Company using the indirect method 2. Of the potential causes of differences between cash flow from operations and net income, which are the most important to financial analysts? Answer is not complete. you nave completed so tar. It does not indicate Compiete tnis questiIon Dy entering your answers in tne tans neiow. Required 1 Required 2 Present the operating activities section of the statement of cash flows for New Vision Company using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) NEW VISION COMPANY Cash Flows from Operating Activities-Indirect Method Net Income 9,000 Adjustments to Reconcile Net Income to Cash Provided by Operating Activities Depreciation 7,300 Changes in Current Assets and Current Liabilites Salaries and Wages Payable Increase 9,000 Accounts Payable Decrease (4,250) $ 21,050 2 of 5
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
