The Prince Company reported net income of $260,000 for the current year. Depreciation recorded on buildings and equipment amounted to $90,000 for the year. Balances of the current asset and current liability accounts for 2013 and 2014 are as follows:
Prepare the cash flows from operating activities section of the statement of cash flows using the indirect method.

Question

The Prince Company reported net income of $260,000 for the current year. Depreciation recorded on buildings and equipment amounted to $90,000 for the year. Balances of the current asset and current liability accounts for 2013 and 2014 are as follows:
  Prepare the cash flows from operating activities section of the statement of cash flows using the indirect method.

Quizplus · Accepted Answer

The Answer of The Prince Company reported net income of $260,000 for the current year. Depreciation recorded on buildings and equipment amounted to $90,000 for the year. Balances of the current asset and current liability accounts for 2013 and 2014 are as follows:
  Prepare the cash flows from operating activities section of the statement of cash flows using the indirect method.

The Prince Company Reported Net Income of $260,000 for the Current