$ Adjustments to reconcile net income to 24 76°F A d) O Type here to search

$<br>Adjustments to reconcile net income to<br>24<br>76°F A d) O<br>Type here to search<br>

Extracted text: $ Adjustments to reconcile net income to 24 76°F A d) O Type here to search

Headland Corporation had the following 2020 income statement.<br>Sales revenue<br>$200,000<br>Cost of goods sold<br>119,000<br>Gross profit<br>81,000<br>Operating expenses (includes depreciation of $23,000)<br>47,000<br>Net income<br>$34,000<br>The following accounts increased during 2020: Accounts Receivable $12,000, Inventory $10,000, Accounts Payable $12,000. Prepare<br>the cash flows from operating activities section of Headland's 2020 statement of cash flows using the indirect method. (Show amounts<br>that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)<br>Headland Corporation<br>Statement of Cash Flows-Indirect Method (Partial)<br>103<br>76°F<br>A d0) O<br>4/22<br>P Type here to search<br>

Extracted text: Headland Corporation had the following 2020 income statement. Sales revenue $200,000 Cost of goods sold 119,000 Gross profit 81,000 Operating expenses (includes depreciation of $23,000) 47,000 Net income $34,000 The following accounts increased during 2020: Accounts Receivable $12,000, Inventory $10,000, Accounts Payable $12,000. Prepare the cash flows from operating activities section of Headland's 2020 statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Headland Corporation Statement of Cash Flows-Indirect Method (Partial) 103 76°F A d0) O 4/22 P Type here to search

Jun 09, 2022

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$ Adjustments to reconcile net income to 24 76°F A d) O Type here to search

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