Help | System Announcements (1 Unread) Problem 13-6A Zumbrunn Company\'s income

Question

Help | System Announcements (1 Unread) Problem 13-6A Zumbrunn Company's income statement contained the condensed information below ZUMBRUNN COMPANY Income Statement For the Year Ended December 31, 2017 $970,500 Service revenue Operating expenses, excluding depreciation Depreciation expense Loss on disposal of equipment Income before income taxes Income tax expense Net income $623,100 54,400 24,500 702.000 268,500 41,000 5227,500 Zumbrunn's balance sheet contained the comparative data at December 31, shown below. 2017 2016 Accounts receivable Accounts payable Inco e taxes payable $75,500 40,500 11.900 5932 28,500 7,300 Accounts payable pertain to operating expenses prepare the operating activities section of the statement of cash tlows using the direct method, (Show amounts that decrease cash flow wit

Explanation / Answer

Cash flow from operating activities under direct method :

Cash flow from operating activities Cash received from customer 954500 Less: Cash payments Cash paid to supplier -611100 Cash paid for income tax -36400 -647500 Net cash flow from operating activities 307000

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