Larkspur Company Reported Net Income Of 220 000 For The Current Year Depreciation Recorded On Buildings And Equipment 1 (13.44 KiB) Viewed 99 times
Larkspur Company Reported Net Income Of 220 000 For The Current Year Depreciation Recorded On Buildings And Equipment 2 (22.03 KiB) Viewed 99 times
Larkspur Company reported net income of $220,000 for the current year. Depreciation recorded on buildings and equipment amounted to $72,000 for the year. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: End of Year Beginning of Year $19,600 Cash $26,000 Accounts receivable 29.500 30,000 Inventory 60,000 60,500 Accounts payable 10.200 17,200
Prepare the cash flows from the operating activities section of the statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a-sign cs. -15,000 or in parenthesis es: (15,0001) LARKSPUR COMPANY Partial Statement of Cash Flows Adjustments to reconcile net income to >
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