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 $160,000 Interest Revenue 6,200 Total Revenues and Gains $166,200 Expenses and Losses: Cost of Goods Sold $130,000 Salary Expense 20,000 Depreciation Expense 7.200 A. $(11,300) OB. $16,400 C. (39,000) D. $10,300 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 $160,000 Interest Revenue 6,200 Total Revenues and Gains $166,200 Expenses and Losses: Cost of Goods Sold $130,000 Salary Expense 20,000 Depreciation Expense 7.200 A. $(11,300) OB. $16,400 C. (39,000) D. $10,300
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