Macrosoft company reports net income of 61000 prepare the


Question - Macrosoft Company reports net income of $61,000. The accounting records reveal depreciation expense of $76,000 as well as increases in prepaid rent, accounts payable, and income tax payable of $56,000, $11,000, and $16,000, respectively.

Prepare the operating activities section of Macrosoft's statement of cash flows using the indirect method.

Solution Preview :

Prepared by a verified Expert
Accounting Basics: Macrosoft company reports net income of 61000 prepare the
Reference No:- TGS02894972

Now Priced at $20 (50% Discount)

Recommended (90%)

Rated (4.3/5)