Zumbrunn Company's income statement contained the following condensed information. Zumbrunn's balance sheets contained the comparative data at
Question:
Zumbrunn Company's income statement contained the following condensed information.
Zumbrunn's balance sheets contained the comparative data at December 31, shown below.
__________________________________________2019 2018
Accounts receivable....................................$75,000.........$65,000
Accounts payable.........................................46,000...........28,000
Income taxes payable....................................11,000.............7,000
Accounts payable pertain to operating expenses.
Instructions
Prepare the operating activities section of the statement of cash flows using the indirect method.
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Related Book For
Financial Accounting
ISBN: 978-1119305736
10th edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
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