Partial balance sheet data and additional information for Bohemian Industries are given below:

Additional Information:
(a)Net income for 2014 was $60,000.
(b)Depreciation expense for 2014 was $25,000.
Prepare the operating activities section of the statement of cash flows,using the indirect method,for the year ending December 31,2014.

Question

Partial balance sheet data and additional information for Bohemian Industries are given below:
  
Additional Information:
(a)Net income for 2014 was $60,000.
(b)Depreciation expense for 2014 was $25,000.
Prepare the operating activities section of the statement of cash flows,using the indirect method,for the year ending December 31,2014.

Quizplus · Accepted Answer

The Answer of Partial balance sheet data and additional information for Bohemian Industries are given below:
  
Additional Information:
(a)Net income for 2014 was $60,000.
(b)Depreciation expense for 2014 was $25,000.
Prepare the operating activities section of the statement of cash flows,using the indirect method,for the year ending December 31,2014.

Partial Balance Sheet Data and Additional Information for Bohemian Industries