Brooks Company reported net income of $40,000, which included depreciation expense and amortization expense of $21,000 and $18,000, respectively. The following changes also occurred during the year ended December 31, 2016: Required:
Prepare the operating activities section of the statement of cash flows using the indirect method for the year ended December 31, 2016.

Question

Brooks Company reported net income of $40,000, which included depreciation expense and amortization expense of $21,000 and $18,000, respectively. The following changes also occurred during the year ended December 31, 2016:  Required:
Prepare the operating activities section of the statement of cash flows using the indirect method for the year ended December 31, 2016.

Quizplus · Accepted Answer

The Answer of Brooks Company reported net income of $40,000, which included depreciation expense and amortization expense of $21,000 and $18,000, respectively. The following changes also occurred during the year ended December 31, 2016:  Required:
Prepare the operating activities section of the statement of cash flows using the indirect method for the year ended December 31, 2016.

Brooks Company Reported Net Income of $40,000, Which Included Depreciation