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April 18, 2014

Homework Help: accounting

Posted by Renee on Monday, October 24, 2011 at 7:31pm.

Company reports net income of $ 530,000 for the year ended December 31, 2009. It also reports $ 95,400 depreciation expense and a $ 4,000 gain on the sale of machinery. Its comparative balance sheets reveal a $ 42,400 increase in accounts receivable, $21,730 increase in accounts payable, $ 11,660 decrease in prepaid expenses, and $16,430 decrease in wages payable.

Prepare only the operating activities section of the statement of cash flows for 2009 using the indirect method.(8 points).

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