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19.06.2020 •
Business
Gutierrez Company reported net income of $193,400 for 2017. Gutierrez also reported depreciation expense of $45,600 and a loss of $6,000 on disposal of equipment. The comparative balance sheet shows an decrease in accounts receivable of $11,000 for the year, a $13,000 increase in accounts payable, and a $5,000 decrease in prepaid expenses. Prepare the operating activities section of the statement of cash flows for 2017. Use the indirect method.
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Ответ:
$274,000
Explanation:
Gutierrez Company Statement of Cash Flows For Year Ended December 31, 2017
Cash flows operating activities
Net income$193,400
Add Reconciling adjustments to net income to netcash provided by activities:
Depreciation expense$45,600
Loss on Sale of equipment $6,000
Increase in Accounts payable $13,000
Decrease in Accounts receivable $11,000
Decrease in Prepaid expenses $5,000
Net cash operating activities$ 274,000
Ответ:
Explanation:
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