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    Devry University
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Category > Business & Finance Posted 09 Dec 2017 My Price 10.00

P17-6A Prepare the operaTng acTviTes secTon- direct method

I have no idea what to do. can you give me assistance

 

Name: Date: Instructor: Cours P17-6A Prepare the operaTng acTviTes secTon- direct method Zumbrunn Company's income statement contained the condensed informaTon below. ZUMBRUNN COMPANY Income Statement For the Year Ended December 31, 2014 Service revenue $ 970,000 OperaTng expenses, excluding depreciaTon $ 624,000 DepreciaTon expense 60,000 Loss on disposal of equipment 16,000 700,000 Income before income taxes 270,000 Income tax expense 40,000 Net income $ 230,000 Zumbrunn's balance sheet contained the comparaTve data at December 31, shown below. 2014 2013 Accounts receivable $75,000 $65,000 Accounts payable 46,000 28,000 Income taxes payable 11,000 7,000 Accounts payable pertain to operaTng expenses. InstrucTons Prepare the operaTng acTviTes secTon of the statement of cash ±ows using the direct method. NOTE: Enter a number in cells reques±ng a value; enter either a number or a formula in cells with a ZUMBRUNN COMPANY' ParTal Statement of Cash Flows For the Year Ended December 31, 2014 Cash ±ows from operaTng acTviTes Cash receipts from customers Value (1) Less cash payments: For operaTng expenses Value (2) For income taxes Value (3) ? Net cash provided by operaTng acTviTes ?
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CourseLover
(12)
Status NEW Posted 09 Dec 2017 01:12 PM My Price 10.00

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