Question: Required: (1) Prepare a statement of cash flows using the indirect method for the year ended June 30, 2019 be indicated with a minus

Required: (1) Prepare a statement of cash flows using the indirect method

Required: (1) Prepare a statement of cash flows using the indirect method for the year ended June 30, 2019 be indicated with a minus sign.) IKIBAN, INC Statement of Cash Flows (Indirect Method) For Year Ended June 30, 2019 Cash flows from operating activities Net income $ 10/510 Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash Depreciation expense Gain on sale of plant assets 62 600 (2400) Changes in current operating assets and liabilities Increase in accounts recevable Decrease in inventory 2 (16.000) 24 700 < Prev Next >

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