View Policies Current Attempt In Progress The Current Sections Of Splish Brothers Inc S Balance Sheets At December 31 2 1 (22.7 KiB) Viewed 72 times
View Policies Current Attempt In Progress The Current Sections Of Splish Brothers Inc S Balance Sheets At December 31 2 2 (40.66 KiB) Viewed 72 times
View Policies Current Attempt in Progress The current sections of Splish Brothers Inc's balance sheets at December 31, 2021 and 2022, are presented here. Splish Brothers's net income for 2022 was $152,000. Depreciation expense was $27.200. 2022 2021 Current assets Cash $100,500 $97.200 Accounts receivable 79,800 87.900 Inventory 167400 171,700 26.000 22.900 Prepaid expenses Total current assets $373,700 $379,700 Current liabilities Accrued expenses payable $15,600 $8,500 Accounts payable 85,900 95.100 Total current liabilities $101.500 $103.600 Question 7 of 8 -/3 31, ZUZz, using the indirect metnoa:13now amounts that decrease casniow with either a-signeg. 15,000 or in parenthesis eg: 115,000 Splish Brothers Inc. Partial Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flows from Operating Activities $ 152.000 Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense 27,200 Decrease in Accounts Receivable Decrease in Inventory 14300 Increase in Prepaid Expenses Increase in Accrued Expenses Payable 7,100 Increase in Accounts Payable NetCash Used by Operating Activities $ e Textbook and Media
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