Prepare the operating section only of the statement of cash

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Reference no: EM132494902

The following information is presented for Beltram Company for the year 2019:

Beltram

Net Income : $15,000

Depreciation Expense: $150,000

Accounts Receivable: $(200,000)

Inventory: $35,000

Accounts Payable: $120,000

Accrued liabilities: $(220,000)

Note: The amounts given for Accounts Receivable, Inventory, Accounts Payable and Accrued Liabilities accounts represent the change in the account from the previous year to the current year.

Question 1: Prepare the OPERATING section only of the Statement of Cash Flows for Beltram Company for the year 2019.

Question 2: Can a company have positive income and negative cash flows? Can a company have negative income and positive cash flows? Why?

Reference no: EM132494902

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