Ayayai Company reported 2023 net income of $157,000. During 2023, accounts receivable increased by $13,300 and accounts payable increased by $10,600. Depreciation expense was $45,000. Prepare the cash flows from operating activities section of the statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a-sign eg.-15,000 or in parenthesis eg (15,000)) Ayayai Company Statement of Cash Flows (Partial) Adjustments to reconcile net income to $

Ayayai Company reported 2023 net income of $157,000. During 2023, accounts receivable increased by $13,300 and accounts payable increased by $10,600. Depreciation expense was $45,000. Prepare the cash flows from operating activities section of the statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a-sign eg.-15,000 or in parenthesis eg (15,000)) Ayayai Company Statement of Cash Flows (Partial) Adjustments to reconcile net income to $

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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