Business, 13.05.2020 13:57 kobiemajak
12-7 Reporting Cash Flows from Operating Activities (Indirect Method) LO12-2 The following information pertains to Peak Heights Company: Income Statement for Current Year Sales $ 86,700 Expenses Cost of goods sold $ 51,775 Depreciation expense 7,400 Salaries expense 11,900 71,075 Net income $ 15,625 Partial Balance Sheet Current year Prior year Accounts receivable $ 11,000 $ 13,800 Inventory 13,000 9,800 Salaries payable 1,710 860 Required: Present the operating activities section of the statement of cash flows for Peak Heights Company using the indirect method.
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12-7 Reporting Cash Flows from Operating Activities (Indirect Method) LO12-2 The following informati...
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