Question: red boxes are wrong Instructions Domers Inc reported the following data: $490,000 52000 Net income Depreciation expense Gain on disposal of equipment Decrease in accounts

Instructions Domers Inc reported the following data: $490,000 52000 Net income Depreciation expense Gain on disposal of equipment Decrease in accounts receivablo Decrease in accounts payable 26.500 32.400 12,350 Prepare the Cash Flows from Operating Activities section of the statement of cash flows using the indirect method, Peter to the Amount Descriptions list provided for the act wording of the answer choices for text entries. Use the minus sign to indicate cash outflows, cash payments, decreases in cash and for any adjustments, it required 2 $490,000.00 3 Instructions Statement of Cash Flows-Operating Activities Statementor Cash Flows partial 1 Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash flow from operating activities: Depreciation expense Gain on disposal of equipment Changes in current operating assets and liabilities: Decrease in accounts receivable Decrease in accounts payable 9 net cash flow from operating activities 4 52,000.00 5 26,500.00 6 32,400.00 7 12,350.00 8 $535,550.00
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
