题目内容
Cash flow statements only record cash.
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Income statements reflect current status better than cash flow statements.
An example of a cash flow from an operating activity is
Which of the following methods of reporting cash flow from operating activities adjusts net income for revenue and expenses not involving the receipt or payment of cash?
The net income reported on the income statement for the year was $ 55 000, and depreciation expense for the year was $ 22 000. The balances of the current asset and current liability accounts at the beginning and end of the year are as follow:EndBeginningCash$ 65 000$ 70 000Accounts receivable100 00090 000Inventories145 000150 000Prepaid expenses7 5008 000Accounts payable(Merchandise creditors)51 00058 000The total amount reported for cash flows from operating activities in the statement of cash flows, using the indirect method, is:
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