Windsor, inc. reported net income of $200,980 for 2022. windsor, inc. also reported depreciation expense of $34,880 and a loss of $4,630 on the disposal of plant assets. the comparative balance sheets show an increase in accounts receivable of $14,040 for the year, a $16,780 increase in accounts payable, and a $4,390 increase in prepaid expenses. prepare the operating activities section of the statement of cash flows for 2022. use the indirect method. (show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,
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Ответ:
$238,840
Explanation:
The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:
Cash flow from Operating activities - Indirect method
Net income $200,980
Adjustment made:
Add : Depreciation expense $34,880
Add: Loss n the disposal of plant assets $4,630
Less: Increase in accounts receivable -$14,040
Add: Increase in accounts payable $16,780
Less: Increase in prepaid expense -$4,390
Total of Adjustments $37,860
Net Cash flow from Operating activities $238,840
Ответ:
The statement is: True.
Explanation:
The memo or e-mail formats are used with informal purposes when the information that is going to be provided will remain within the organization. Using the e-mail format will imply writing standard headings. The beginning of the e-mails typically includes background details of the topic being discussed.