1. Can you show your solution? Easter Company provided the following data for the preparation of the statement of cash flows: Increase in accounts receivable - 300,000; Decrease in accrued expenses -...


1. Can you show your solution?


Easter Company provided the following data for the preparation of the statement of cash flows: Increase in accounts receivable - 300,000; Decrease in accrued expenses - 170,000; Net loss - 250,000; Depreciation - 1,000,000; Gain on sale of machinery 230,000. What amount should be reported as net cash flows from operating activities using indirect method?


2.



In a statement of cash flows using indirect method, a decrease in prepaid expenses is?




Jun 11, 2022
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