Prepare the operating activities section of the statement of cash flows for GreenGarden using the indirect method. Annual Income Statement Data Selected Year-End Balance Sheet Data Sales..... $50,000 Prepaid expenses increase.. $3,000 Expenses: Cost of goods sold.. Inventory increase Accounts payable decrease 30,000 500 1,000 Wages expense.. 10,000 Amortization expense. 1,500 Net income. $ 8,500
Prepare the operating activities section of the statement of cash flows for GreenGarden using the indirect method. Annual Income Statement Data Selected Year-End Balance Sheet Data Sales..... $50,000 Prepaid expenses increase.. $3,000 Expenses: Cost of goods sold.. Inventory increase Accounts payable decrease 30,000 500 1,000 Wages expense.. 10,000 Amortization expense. 1,500 Net income. $ 8,500
Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
Chapter6: Statement Of Cash Flows
Section: Chapter Questions
Problem 15E
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