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Operating Activities Section-Indirect Method The following bccoun.pdf

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Operating Activities Section-Indirect Method The following bccount balances for the noncash current assets and current Habililes of Suffolk Company are avaliable: Net income for 2016 is 539,750. Depreciation expense is 518,710. Assume that all sales and all purchases are on account. Required: 1. Prepare the Operating Activities section of the statement of cash nows using the Indirect method. Use the minus sign to indicate cassh paymente, ed outfiows, or decreases in cash. 2. Wiet cain infiow from eperating actwities is 3 and the prinary reason why it is higher than net income is ruanons for the highar ampunt of net cash inflow fram ogeroting activitem dre.

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Operating Activities Section-Indirect Method The following bccount balances for the noncash current assets and current Habililes of Suffolk Company are avaliable: Net income for 2016 is 539,750. Depreciation expense is 518,710. Assume that all sales and all purchases are on account. Required: 1. Prepare the Operating Activities section of the statement of cash nows using the Indirect method. Use the minus sign to indicate cassh paymente, ed outfiows, or decreases in cash. 2. Wiet cain infiow from eperating actwities is 3 and the prinary reason why it is higher than net income is ruanons for the highar ampunt of net cash inflow fram ogeroting activitem dre

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