Tanglewood, Inc. uses the direct method to prepare its statement of cash flows. Refer to...
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Tanglewood, Inc. uses the direct method to prepare its statement of cash flows. Refer to the following financial statement information for the year ended December 31, 2018 Tanglewood, Inc. Comparative Balance Sheet December 31, 2018 and 2017 Increase 2018 2017(Decrease) Cash Accounts Receivable Merchandise Inventory PP&E, net Total Assets 27,000 34,000 $244,000 $170,000 $74,000 $35,500 $15,500 $20,000 28,500 35,500 (7,000) 27,000 92,000 54,000 126,000 OA. $176,600 B. $20,000 OC. $196,600 O D. $200,600 Tanglewood, Inc. uses the direct method to prepare its statement of cash flows. Refer to the following financial statement information for the year ended December 31, 2018 Tanglewood, Inc. Comparative Balance Sheet December 31, 2018 and 2017 Increase 2018 2017(Decrease) Cash Accounts Receivable Merchandise Inventory PP&E, net Total Assets 27,000 34,000 $244,000 $170,000 $74,000 $35,500 $15,500 $20,000 28,500 35,500 (7,000) 27,000 92,000 54,000 126,000 OA. $176,600 B. $20,000 OC. $196,600 O D. $200,600
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