Solution-Prepare the cash flows from operating activities

Prepare the cash flows from operating activities

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Reference no: EM132719354

Problem - Alpenrose Corporation's comparative balance sheet for current assets and liabilities was as follows:

Pettygrove Inc. reported the following data:

Net income $405,000

Depreciation expense 45,000

Gain on disposal of equipment 36,900

Decrease in accounts receivable 25,200

Decrease in accounts payable 6,480

Required - Prepare the "Cash flows from operating activities" section of the statement of cash flows, using the indirect method.

Reference no: EM132719354

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Prepare the cash flows from operating activities

Reference no: EM132719354

Reference no: EM132719354

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