The current sections of Teal Inc's balance sheets at December 31, 2024 and 2025, are...

80.2K

Verified Solution

Question

Accounting

The current sections of Teal Inc's balance sheets at December 31, 2024 and 2025, are presented here. Teal's net income for 2025 was $237,150. Depreciation expense was $41,850.

2025

2024

Current assets

Cash

Accounts receivable

Inventory

Prepaid expenses

Total current assets

Current liabilities

Accrued expenses payable

Accounts payable

Total current liabilities

.$162.750

124.000

260.400

41.850

$589.000

$ 153.450

137.950

266.600

34.100

$592.100

$ 23.250

131,750

$155.000

$ 7.750

142,600

$ 150.350

Prepare the operating activities section of the company's statement of cash flows for the year ended December 31, 2025, using the

image
image
The current sections of Teal Inc's balance sheets at December 31,2024 and 2025, are presented here. Teal's net income for 2025 was $237,150. Depreciation expense was $41,850. Prepare the operating activities section of the compamys statement of cash flows for the year ended December 31, 2025, using the os.)

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