Solution-Present the operating activities section of the

Present the operating activities section of the statement

Reference no: EM13555705

Reporting Cash Flows from Operating Activities (Indirect Method) - The following information pertains to Satellite Company:

Income Statement for 2012
Sales	$85,000
Expenses
Cost of goods sold	$51,875
Depreciation expense	8,500
Salaries expense	12,000	72,375
Net income	$12,625
Partial Balance Sheet	2012	2011
Accounts receivable	$10,500	$12,000
Inventory	14,000	8,000
Salaries payable	1,750	800

Required:

Present the operating activities section of the statement of cash flows for Satellite Company using the indirect method.

Reference no: EM13555705

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Present the operating activities section of the statement

Reference no: EM13555705

Reference no: EM13555705

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