Question: 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
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 $158,000 Interest Revenue 6.200 Total Revenues and Gains $164,200 Expenses and Losses: Cost of Goods Sold $140,000 Salary Expense 20,000 Depreciation Expense 7.400 O A. $28,100 OB. $(50,900) O C. $10.600 OD. $(22,800) 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 $158,000 Interest Revenue 6.200 Total Revenues and Gains $164,200 Expenses and Losses: Cost of Goods Sold $140,000 Salary Expense 20,000 Depreciation Expense 7.400 O A. $28,100 OB. $(50,900) O C. $10.600 OD. $(22,800)
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