Prepare the operating activities section of the statement of cash flows for 2014. Use the indirect…


Question Description:

25

Prepare the operating activities section of the statement of cash flows for 2014. Use the indirect… 1 answer below ยป Gutierrez Company reported net income of $225,000 for 2014. Gutierrez also reported depreciation expense of $45,000 and a loss of $5,000 on the disposal of equipment. The comparative balance sheet shows a decrease in accounts receivable of $15,000 for the year, a $17,000 increase in accounts payable, and a $4,000 decrease in prepaid expenses. Instructions Prepare the operating activities section of the statement of cash flows for 2014. Use the indirect method. Jun 11 2014 04:16 PM

Answer

25