The current sections of Donny Inc.'s balance sheets at December 31, 2016 and 2017, are presented here.
Donny's net income for 2017 was $203,000. Depreciation expense was $25,000. Instructions
Prepare the net cash provided by operating activities section of the company's statement of cash flows for the year ended December 31, 2017, using the indirect method.

Question

The current sections of Donny Inc.'s balance sheets at December 31, 2016 and 2017, are presented here.
Donny's net income for 2017 was $203,000. Depreciation expense was $25,000.  Instructions
Prepare the net cash provided by operating activities section of the company's statement of cash flows for the year ended December 31, 2017, using the indirect method.

Quizplus · Accepted Answer

The Answer of The current sections of Donny Inc.'s balance sheets at December 31, 2016 and 2017, are presented here.
Donny's net income for 2017 was $203,000. Depreciation expense was $25,000.  Instructions
Prepare the net cash provided by operating activities section of the company's statement of cash flows for the year ended December 31, 2017, using the indirect method.

The Current Sections of Donny Inc