Solution-Prepare the cash flows from operating activities

Prepare the cash flows from operating activities section

Reference no: EM13509717

Cash flows from operating activities - indirect method

Salem Inc. reported the following data:

Net income	$168,750
Depreciation expenses	18,750
Gain on disposal of equipment	15,375
Decrease in accounts receivable	10,500
Decrease in accounts payable	2,700

Prepare the Cash Flows from operating Activities section of the statement of cash flows using the indirect method.

Reference no: EM13509717

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Prepare the cash flows from operating activities section

Reference no: EM13509717

Reference no: EM13509717

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