reneecoutinho10
reneecoutinho10
01.04.2021 • 
Business

Wildhorse Co. reported net income of $190,100 for 2020. Wildhorse also reported depreciation expense of $49,900 and a loss of $6,300 on the disposal of plant assets. The comparative balance sheet shows a decrease in accounts receivable of $14,600 for the year, a $16,600 increase in accounts payable, and a $4,800 decrease in prepaid expenses. Prepare the operating activities section of the statement of cash flows for 2020. Use the indirect method

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