Trahan Inc reported the following data Net income $175,000 Depreciation expense 30,000 Loss on disposal of equipment 12,200 Increase in accounts receivable 10,800 Increase in accounts payable 5,600 Prepare the Cash Flows from Operating Activities section of the statement of cash flows using the ind...

Net Income Adjustments to reconcile net income to net cash flow fr ...

Trahan Inc. reported the following data: Net income $175,000 Depreciation expense 30,000 Loss on disposal of equipment

Question:

Trahan Inc. reported the following data:

Net income $175,000
Depreciation expense 30,000
Loss on disposal of equipment 12,200
Increase in 10,800
Increase in 5,600

Prepare the Cash Flows from Operating Activities section of the statement of cash flows using the indirect method.

Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive... Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...