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

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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