Salud Cormpany reports theollowing information. Use the indirect method to prepa

Question

Salud Cormpany reports theollowing information. Use the indirect method to prepare only the operating activities section of its statement of cash flows for the year ended December 31, 2016. (Amounts to be deducted should be indicated with a minus sign.) Selected 2016 Incom? Stalernent Data Selected Year-End 2016 Balance Sheel Dala Net income Depreciation expense Gain on sale of machinery S 425,000 Accounts receivable increase 96,000 Prepaid expenses decrease 23,000 Accounts payable increase $ 54,400 15,000 6,400 3,200 Wages payable decrease Cash flows from operating activities Adjustments to reconcile net income to operaling cash flow

Explanation / Answer

Cash flow from operating activities :

Cash flow from operating activities Net income 425000 Adjustment to reconcile net income to operating cash flow Depreciation expense 96000 Gain on sale of machinery -23000 Account receivable increase -54400 Prepaid expense decrease 15000 Account payable increase 6400 Wages payable decrease -3200 Net cash flow from operating activities 461800

Related Questions

Navigate

• Browse (All)
• Browse S
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.