Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. sunland company reported net income of $194,300 fo

Sunland Company reported net income of $194,300 for 2022. Sunland also reported depreciation expense of...

60.1K

Verified Solution

Question

Accounting

image
image
Sunland Company reported net income of $194,300 for 2022. Sunland also reported depreciation expense of $.46,800 and a loss of $5.900 on the disposal of plant assets. The comparative balance sheet shows an increase in accounts rocelvable of $19,800 for the year, a $21,800 increase in accounts payable, and a $3,400 increase in prepaid expenses Prepare the operating activities section of the statement of cash flows for 2022. Use the indirect method. (Show amounts that decrease cash flow with either a-signes. 15,000 or in parenthesis es. (15,000) ) Adjustments to reconcile net income to $ Depreciation Expense increase in Accounts Payable Net Income Decrease in Prepaid Expenset Decrease in Accounts Payable tosson Disposal of Plant Assets fricreasc in Accounts Receivable Increase in Prepaid Expenses Decrease in Accounts Recelvable

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

Pag a 120 100 80 60 40 20 200 180 160 140 120 100 80...

Finance
1.2K views

“A second challenge is physical/virtual balance.” Why is this true for retailers of all types and...

Chemistry
1.2K views

1. Part A) Write the intact-compound equation for the neutralization of aqueous hydrofluoric acid by aqueous...

Chemistry
1.2K views

ORGANIC CHEMISTRY: Draw a balanced chemical reaction for the synthesis of methyl salicylate from aspirin tablets. Calculate...

Economics
1.2K views

The COVID virus has had an impact on all facets of our economy. Please discuss the...

Biology
1.2K views

Which sentencebelow is a goodexample ofDescriptiveWriting?A. Tom found Jessesitting in a mud puddlewhere she had...

Geometry
1.2K views

24 20 16 12 8 4 Ol 2 4 6 8 10 12 14 16...

Geometry
1.2K views

What does the rational form of the ratio a b look like a a b...

Basic Math
1.2K views

Estimate the error if P2 x 1 is used to estimate the value of cos...

Basic Math
1.2K views

Prove that the following are equivalent to each other for any ideal I of a...

Algebra
1.2K views

When John s father was 31 John was 8 years old Now John is twice...

Finance
1.2K views

The historic St. Andrews, Fife home that Scottish golfer Old Tom Morris grew up in...