- Arundel Company Disclosed The Following Information For Its Recent Calendar Year Income Statement Data Revenues 105 0 1 (38.1 KiB) Viewed 16 times
Arundel
Company disclosed the following information for its recent calendar year. Income
Statement Data Revenues $ 105,000 Expenses: Selected Year-End Balance Sheet Data Accounts receivable decrease Purchased a machine for cash Salaries payable increase Interest payable decrease Salaries expense Utilities expense Depreciation expense Interest expense Net loss $ 29,000 18,000 29,000 15,000 72,000 29,000 30,200 8,200 $ (34,400) section of the
statement of cash flows using the indirect method (Amounts to be deducted should be Prepare the operating activities indicated with a minus sign.)
Statement of Cash Flows (partial) Cash flows from operating activities-indirect method Adjustments to reconcile net income to net cash provided by operating activities Income
statement items not affecting cash Changes in current operating assets and liabilities S