Question 2 [20 points] The account balances for the noncash current assets and current les...
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Question 2 [20 points] The account balances for the noncash current assets and current les of XYZ Corporation are as follows: December 31 2015 2014 Accounts recen 22.000 38.000 Merchandse vertory 56,000 40.000 Prepaid expenses 75,500 50000 TO 118,500 135.000 Accounts payati 1000000 sans payablet B00057 500 Tom 09.00 During 2015 XYZ Corporation reported depreciation expense of $11500 All purchases and sales are on account. Net income for 2015 was 600. Prepare the persons section of the best of the Tows using the induct method Stunt of Cash Flow X X X X X X
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