Cinderella Company reports net income of $100,000 and Depreciation Expense of $50,000 for the year ending December 31,2019.There were no gains or losses from the sale of long-term assets.They also have the partial comparative balance sheet shown below:
Using the indirect method,prepare the operating activities section of the statement of cash flows for the year ending December 31,2019.

Question

Cinderella Company reports net income of $100,000 and Depreciation Expense of $50,000 for the year ending December 31,2019.There were no gains or losses from the sale of long-term assets.They also have the partial comparative balance sheet shown below:
  Using the indirect method,prepare the operating activities section of the statement of cash flows for the year ending December 31,2019.

Quizplus · Accepted Answer

The Answer of Cinderella Company reports net income of $100,000 and Depreciation Expense of $50,000 for the year ending December 31,2019.There were no gains or losses from the sale of long-term assets.They also have the partial comparative balance sheet shown below:
  Using the indirect method,prepare the operating activities section of the statement of cash flows for the year ending December 31,2019.

Cinderella Company Reports Net Income of $100,000 and Depreciation Expense