The income statement of Amelia Enterprises Inc. for the year ended December 31, 2015, is as follows:
Question:
The income statement of Amelia Enterprises Inc. for the year ended December 31, 2015, is as follows:
Instructions
Using the information from Problem 16-2A and the additional information provided, prepare a statement of cash flows using the direct method of presenting cash flows from operating activities.
Transcribed Image Text:
$901.250 558.775 Sales.... of goods sold Gross profit ..... Operating expenses: Depreciation expense Other operating expenses. Total operating expenses. Income before income taxes Income taxes expense Net income.. 342,475 $ 41.700 120,775 162,475 180.000 54.000 126.000 ....
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Related Book For
Accounting Volume 2
ISBN: 978-0176509743
2nd Canadian edition
Authors: James Reeve, Jonathan Duchac, Sheila Elworthy, Carl S. Warren
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