Rodriguez Company completed its income statement and comparative balance sheet for the current year and provided the following information: Income Statement for Current Year Service revenue $ 52,000 Expenses Salaries $ 41,000 Depreciation 8,900 Amortization of copyrights 390 Other expenses 10,700 60, 990 Net loss $ (8,990) Partial Balance Sheet Current Year Prior Year Accounts receivable $ 9,200 $ 15,100 Salaries payable 13,000 1,100 Other accrued liabilities 1,200 7,000 In addition, Rodriguez bought a small service machine for $6,500. Required: 1. Present the operating activities section of the statement of cash flows for Rodriguez Company using the indirect method.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Rodriguez Company completed its income statement and comparative balance sheet for the current year and provided the following
information: Income Statement for Current Year Service revenue $ 52,000 Expenses Salaries $ 41,000 Depreciation 8, 900 Amortization of
copyrights 390 Other expenses 10, 700 60, 990 Net loss $ (8,990) Partial Balance Sheet Current Year Prior Year Accounts receivable $
9,200 $ 15,100 Salaries payable 13,000 1,100 Other accrued liabilities 1,200 7,000 In addition, Rodriguez bought a small service
machine for $6,500. Required: 1. Present the operating activities section of the statement of cash flows for Rodriguez Company using the
indirect method.
Transcribed Image Text:Rodriguez Company completed its income statement and comparative balance sheet for the current year and provided the following information: Income Statement for Current Year Service revenue $ 52,000 Expenses Salaries $ 41,000 Depreciation 8, 900 Amortization of copyrights 390 Other expenses 10, 700 60, 990 Net loss $ (8,990) Partial Balance Sheet Current Year Prior Year Accounts receivable $ 9,200 $ 15,100 Salaries payable 13,000 1,100 Other accrued liabilities 1,200 7,000 In addition, Rodriguez bought a small service machine for $6,500. Required: 1. Present the operating activities section of the statement of cash flows for Rodriguez Company using the indirect method.
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