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Problem 1 - Guessar Company Review financial info...




Problem 1 - Guessar Company Review financial information in attachment (whole problem is there). Additional information: 1. Accounts receivable decreased $63,000 during the year. 2. Inventory increased $38,000 during the year. 3. Prepaid expenses increased $12,000 during the year. 4. Accounts payable to increased $25,000 during the year. 5. Accrued expenses payable increased $6,000 during the year. 6. Administrative expenses include depreciation expense of $20,000. Instructions Prepare the operating activities section of the statement of cash flows for the year ended December 31, 2007, for Guesser Company, using the indirect method.


Paper#5820 | Written in 18-Jul-2015

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