The current sections of Carla Vista Co's balance sheets at December 31, 2021 and 2022, are...
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The current sections of Carla Vista Co's balance sheets at December 31, 2021 and 2022, are presented here. Carla Vista Co.'s net Income for 2022 was $177,800. Depreciation expense was $29,400. 2022 2021 Current assets Cash $43,400 $ 62,300 Accounts recelvable 59,500 48,300 Inventory 54,600 43,400 Prepaid expenses 11,900 13,300 Total current assets $169,400 $167,300 Current liabilities Accrued expenses payable $ 4,200 $ 11,200 Accounts payable 61,600 50,400 $65,800 $ 61,600 Total current liabilities Prepare the net cash provided by operating activities section of the company's statement of cash flows for the year ended December 31, 2022, using the indirect method. (Show amounts that decrease cash flow with either a- sign e.g. -15,000 or in parenthesis e.g. (15,000).) The current sections of Carla Vista Co's balance sheets at December 31, 2021 and 2022, are presented here. Carla Vista Co.'s net Income for 2022 was $177,800. Depreciation expense was $29,400. 2022 2021 Current assets Cash $43,400 $ 62,300 Accounts recelvable 59,500 48,300 Inventory 54,600 43,400 Prepaid expenses 11,900 13,300 Total current assets $169,400 $167,300 Current liabilities Accrued expenses payable $ 4,200 $ 11,200 Accounts payable 61,600 50,400 $65,800 $ 61,600 Total current liabilities Prepare the net cash provided by operating activities section of the company's statement of cash flows for the year ended December 31, 2022, using the indirect method. (Show amounts that decrease cash flow with either a- sign e.g. -15,000 or in parenthesis e.g. (15,000).)
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Managerial Accounting Tools for business decision making
ISBN: 978-1118096895
6th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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