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Category > Accounting Posted 03 May 2017 My Price 5.00

Cash flows from operating activities—indirect method

Cash flows from operating activities—indirect method

Pettygrove Inc. reported the following data:

	Depreciation expense	45,000
	Gain on disposal of equipment	36,900
	Decrease in accounts receivable	25,200
	Decrease in accounts payable	6,480

Net income $405,000

Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method.

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Alpha Geek

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Status NEW Posted 03 May 2017 01:05 PM My Price 5.00

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