calculate cash operating activities using indirect method putul only
When you have no idea what to do with your written assignments, use a reliable paper writing service. Now you don’t need to worry about the deadlines, grades, or absence of ideas. Place an order on our site to get original papers for a low price.
Order a Similar Paper Order a Different Paper
The following information is from the comparative balance sheets of Discovery Tech Corporation at June 30, 2011 AND 2010
(IN THOUSANDS) AT June 30 2011 2010
Current Assets:
Cash $2,750 $2,115
Accounts Receivable 3,000 2,750
Inventory 1,700 1,025
Prepaid Insurance 270 320
Total Current Assets $7,720 $6,210
Current Liabilitieis
Accounts payable $1,800 $1,750
Salaries Payable $3,750 $3,150
Total Current Liabilities $5,550 $4,900
Net income for the year ended Jan 30, 2011, was $425,000. Depreciation expense of $105,000 was included in the operating expenses for the year.
Requirement
Use the indirect method to prepare the cash from operations section of the statement of cash flows for Discovery Tech Corportation for the year ended June 30, 2011
Get help with your complex tasks from our writing experts. Kindly click on ORDER NOW to receive an A++ paper from our masters- and PhD writers.
Get a 15% discount on your order using the following coupon code SAVE15
Order a Similar Paper Order a Different Paper
