The Current Sections Of Larkspur Inc S Balance Sheets At December 31 2021 And 2022 Are Presented Here Larkspur S Ne 1 (36.93 KiB) Viewed 56 times
The Current Sections Of Larkspur Inc S Balance Sheets At December 31 2021 And 2022 Are Presented Here Larkspur S Ne 2 (29.38 KiB) Viewed 56 times
The current sections of Larkspur, Inc.'s balance sheets at December 31, 2021 and 2022, are presented here. Larkspur's net income for 2022 was $154,100. Depreciation expense was $26,100. 2022 2021 Current assets Cash $101,100 $97,000 Accounts receivable 81,400 90,600 Inventory 167,000 172,900 Prepaid expenses 26,600 22,800 Total current assets $376,100 $383,300 Current liabilities Accrued expenses payable $15,600 $10,000 Accounts payable 85,800 95,600 Total current liabilities $101,400 $105,600 Prepare the net cash provided by operating activities section of the company's statement of cash flows for the year ended December 31, 2022, using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
Larkspur, Inc. Partial Statement of Cash Flows S Adjustments to reconcile net income to
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!