The following Information pertains to Guy's Gear Company $86,000 Sales Expenses: Cost of Goods Sold...
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Accounting
The following Information pertains to Guy's Gear Company $86,000 Sales Expenses: Cost of Goods Sold Depreciation Expense Salaries and Wages Expense Net Income Accounts Receivable Decrease Inventory Increase Salaries and Wages Payable Increase $53, eee 6,609 12,600 72,200 $13.808 $ 4,600 8,600 810 Required: Present the operating activities section of the statement of cash flows for Guy's Gear Company using the Indirect method. (Amounts to be deducted should be indicated with a minus sign.) GUY'S GEAR COMPANY Cash Flows from Operating Activities-Indirect Method Adiustments to Reconcile Net Income to Cash Provided by Operating Activities Changes in Current Assets and Current Liabilities
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