The income statement for Wholly Bagel Company for the current year ended June 30 and balances of selected accounts at the beginning and the end of the year are as follows: Prepare the cash flows from operating activities section of the statement of cash flows, using the directmethod. Sales Cost of merchandise sold Gross profit Operating expenses: $265,000 95,800 $169,200

The income statement for Wholly Bagel Company for the current year ended June 30 and balances of selected accounts at the beginning and the end of the year are as follows:


The income statement for Wholly Bagel Company


Prepare the cash flows from operating activities section of the statement of cash flows, using the directmethod.

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Related Book For answer-question

Accounting

21st Edition

Authors: Carl s. warren, James m. reeve, Philip e. fess

ISBN: 978-0324188004