Business
Business, 19.06.2020 16:57, reese4232

Gutierrez Company reported net income of $193,400 for 2017. Gutierrez also reported depreciation expense of $45,600 and a loss of $6,000 on disposal of equipment. The comparative balance sheet shows an decrease in accounts receivable of $11,000 for the year, a $13,000 increase in accounts payable, and a $5,000 decrease in prepaid expenses. Prepare the operating activities section of the statement of cash flows for 2017. Use the indirect method.

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Gutierrez Company reported net income of $193,400 for 2017. Gutierrez also reported depreciation exp...

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