Question: The following information pertains to Satellite Company: Required: Present the operating activities section of the statement of cash flows for Satellite Company using the indirectmethod.
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Required:
Present the operating activities section of the statement of cash flows for Satellite Company using the indirectmethod.
Income Statement for 2012 Sales $85,000 Expenses Cost of goods sold Depreciation expense Salaries expense $51,875 8,500 12,000 72,375 $12,625 Net income Partial Balance Sheet 2012 2011 $10,500 $12,000 Accounts receivable Inventory Salaries payable 14,000 8,000 1,750 800
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