Question: Prepare a Cash Flow Statement using the Indirect Method. DO NOT use the DIRECT Method Not all accounts listed may be used in this example
Prepare a Cash Flow Statement using the Indirect Method. DO NOT use the DIRECT Method Not all accounts listed may be used in this example Net income $1,500,000 Cash December 31, 2018 $750,000 Cash December 31 2019 ??????? Depreciation Expense $20,000 Increase in inventory $15,000 Decrease in accounts payable $32,000 Increase in Prepaid insurance $31,000 Purchased stock $22,000 Purchased land $99,000 Paid mortgage $60,000 Paid car loan $43,000 Increase in wages payable $11,000 Patient Receivable $24,000.00
Show using excel formulas such as =SUMA2-A1
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