The current sections of Magic Marine Inc.'s balance sheets at December 31, 2013 and 2014, are presented here.
Magic Marine 's net income for 2014 was $216,000. Depreciation expense was $34,000.
Instructions
Prepare the net cash provided by operating activities section of the company's statement of cash flows for the year ended December 31, 2014, using the indirect method.

Question

The current sections of Magic Marine Inc.'s balance sheets at December 31, 2013 and 2014, are presented here.
Magic Marine 's net income for 2014 was $216,000. Depreciation expense was $34,000. 
 Instructions
Prepare the net cash provided by operating activities section of the company's statement of cash flows for the year ended December 31, 2014, using the indirect method.

Quizplus · Accepted Answer

The Answer of The current sections of Magic Marine Inc.'s balance sheets at December 31, 2013 and 2014, are presented here.
Magic Marine 's net income for 2014 was $216,000. Depreciation expense was $34,000. 
 Instructions
Prepare the net cash provided by operating activities section of the company's statement of cash flows for the year ended December 31, 2014, using the indirect method.

The Current Sections of Magic Marine Inc