Partial balance sheets and additional information are listed below for Rickey Company.

Additional information for 2016:
Net income was $160,000.
Depreciation expense was $20,000.
Required:
Prepare the operating activities section of the statement of cash flows for 2016 using the indirect method.

Question

Partial balance sheets and additional information are listed below for Rickey Company.
  
Additional information for 2016:
Net income was $160,000.
Depreciation expense was $20,000.
Required:
Prepare the operating activities section of the statement of cash flows for 2016 using the indirect method.

Quizplus · Accepted Answer

The Answer of Partial balance sheets and additional information are listed below for Rickey Company.
  
Additional information for 2016:
Net income was $160,000.
Depreciation expense was $20,000.
Required:
Prepare the operating activities section of the statement of cash flows for 2016 using the indirect method.

Partial Balance Sheets and Additional Information Are Listed Below for Rickey