-please fill in the blanks thank you Exercise 12-4 Cosi Company reported net inc
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-please fill in the blanks thank you
Exercise 12-4 Cosi Company reported net income of $183,760 for 2014. Cosi also reported depreciation expense of $37,920 and a loss of $5,170 on the disposal of plant assets. The comparative balance sheet shows an increase in accounts receivable of$17,090 for the year, a $18,450 increase in accounts payable, and a $4,410 increase in prepaid expenses Prepare the operating activities section of the statement of cash flows for 2014. Use the indirect method. (Show amounts that decrease cash flow with eithera - Prepare the operating activities section of the statement of cash flows for 2014. Use the indirect method. (Show amounts that decrease cash flow with either a sign e.g. -15,000 or in parenthesis e.g. (15,000).) COSI COMPANY Partial Statement of Cash Flows For the Year Ended December 31,2014 Adjustments to reconcile net income toExplanation / Answer
Cost company
Partial statement of cash flows for the year ended December 31, 2014
Cash flow from operating activities:
Net income 183760
add: Depreciation 37920
loss on disposal of plant assets 5170
increase in accounts receivable (17090)
increase in accounts payable 18450
increase in prepaid expenses (4410)
Net cash flows from operating activities 223800.
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