Cinderella Company reports net income of $100,000 and Depreciation Expense of $50,000 for the year ending December 31, 2017. 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, 2017.

Question

Cinderella Company reports net income of $100,000 and Depreciation Expense of $50,000 for the year ending December 31, 2017. 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, 2017.

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, 2017. 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, 2017.

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