The following is a partial list of accounts and balances for the Ferguson Corporation. Prepare the operating activities section of the statement of cash flows for 2013 using the indirect method. Additional information:
Net income for 2013 was $73,800; depreciation expense was $53,400; equipment with a book value of $40,000 was sold for $36,000 cash.

Question

The following is a partial list of accounts and balances for the Ferguson Corporation. Prepare the operating activities section of the statement of cash flows for 2013 using the indirect method.  Additional information:
Net income for 2013 was $73,800; depreciation expense was $53,400; equipment with a book value of $40,000 was sold for $36,000 cash.

Quizplus · Accepted Answer

The Answer of The following is a partial list of accounts and balances for the Ferguson Corporation. Prepare the operating activities section of the statement of cash flows for 2013 using the indirect method.  Additional information:
Net income for 2013 was $73,800; depreciation expense was $53,400; equipment with a book value of $40,000 was sold for $36,000 cash.

The Following Is a Partial List of Accounts and Balances