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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Harold CompanyHarold Company reports the following information for its recent calendar year.
|
Sales                            |
$70,000 |
|
Expenses |
 |
|
Cost of goods sold              |
40,000 |
|
Salaries expense                |
12,000 |
|
Depreciation expense            |
6,000 |
|
 |
|
|
Net income                      |
$12,000 |
|
 |
 |
|
Accounts receivable increase        |
$ 9,000 |
|
Inventory decrease                |
3,000 |
|
Salaries payable increase            |
800 |
Required
Prepare the operating activities section of the statement of cash flows for Harold Company using the indirect method.
Hel-----------lo -----------Sir-----------/Ma-----------dam----------- Â----------- -----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------acq-----------uis-----------iti-----------on -----------of -----------my -----------sol-----------uti-----------on.-----------Ple-----------ase----------- pi-----------ng -----------me -----------on -----------cha-----------t I----------- am----------- on-----------lin-----------e o-----------r i-----------nbo-----------x m-----------e a----------- me-----------ssa-----------ge -----------I w-----------ill----------- be----------- ca-----------tch-----------