Depreciation expense Loss on sale of equipment Income before income taxes Income tax expense Net income Accounts receivable Accounts payable Income taxes payable Marigold's balance sheet contained the following comparative data at December 31. 2025 $38.000 42,000 4,100 2024 $56,000 31.000 59,000 26,000 8,000 715,000 124,000 40,000 $84,000 (Accounts payable pertains to operating expenses) Prepare the operating activities section of the statement of cash flows using the direct method. MARIGOLD COMPANY Partial Statement of Cash Flows
Depreciation expense Loss on sale of equipment Income before income taxes Income tax expense Net income Accounts receivable Accounts payable Income taxes payable Marigold's balance sheet contained the following comparative data at December 31. 2025 $38.000 42,000 4,100 2024 $56,000 31.000 59,000 26,000 8,000 715,000 124,000 40,000 $84,000 (Accounts payable pertains to operating expenses) Prepare the operating activities section of the statement of cash flows using the direct method. MARIGOLD COMPANY Partial Statement of Cash Flows
Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter2: Analyzing Transactions
Section: Chapter Questions
Problem 23E: The following data (in millions) are taken from the financial statements of Target Corporation: a....
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