Josephine Company had net income of $21,850 for the year ended December 31,2015.Additional information from the income statement follows:
The company also reported the following balances:
Required:
Prepare the operating activities section of the statement of cash flows for the year ended December 31,2015.Use the indirect method.

Question

Josephine Company had net income of $21,850 for the year ended December 31,2015.Additional information from the income statement follows:
  The company also reported the following balances:
  Required:
Prepare the operating activities section of the statement of cash flows for the year ended December 31,2015.Use the indirect method.

Quizplus · Accepted Answer

The Answer of Josephine Company had net income of $21,850 for the year ended December 31,2015.Additional information from the income statement follows:
  The company also reported the following balances:
  Required:
Prepare the operating activities section of the statement of cash flows for the year ended December 31,2015.Use the indirect method.

Josephine Company Had Net Income of $21,850 for the Year