Question: Question 5 25 pts Use the information provided, prepare the Operating activities section of the statement of cash flows using the indirect method, Cash 50,000

Question 5 25 pts Use the information provided, prepare the Operating activities section of the statement of cash flows using the indirect method, Cash 50,000 increase Accounts Receivable 24.000 decrease Inventory 75,000 increase Office Supplies 1.700 decrease Accounts Payable 80,000 decrease Unearned Revenue 8,000 increase Long Term Notes Payable 25,000 increase Gain on Sale of Trucks 2.000 Depreciation Expense Net Income 11,500 62,000 Cash Flows from Operating Activities: HINT: STARTING POINT [ Select] [Select] Adjustments to reconcile net income to net cashTotal Adjustment DEPRECIATION EXPENSE Select) GAIN ON SALE OF TRUCK [Select) Net Income 62.000 Cash Flows from Operating Activities: HINT: STARTING POINT [Select) Select 1 Adjustments to reconcile net income to net cashTotal Adjustment DEPRECIATION EXPENSE Select) GAIN ON SALE OF TRUCK Select ACCOUNTS RECEIVABLE [ Select OFFICE SUPPLIES ACCOUNTS PAYABLE UNEARNED REVENUE TOTAL ADJUSTMENTS [Select
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
