Business, 10.12.2021 22:00, nuconteaza119
New Vision Company completed its income statement and balance sheet and provided the following information:
Service Revenue $ 66,000
Expenses:
Salaries and Wages $ 42,000
Depreciation 7,300
Utilities 6,000 Office 1,700 57,000
Net Income $ 9,000
Decrease in Accounts Receivable $ 12,000
Paid cash for equipment 5,000
Increase in Salaries and Wages Payable 9,000
Decrease in Accounts Payable 4,250
Required:
Present the operating activities section of the statement of cash flows for New Vision Company using the indirect method.
Answers: 2
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