Business, 05.06.2020 17:00 vicki1234

New Vision Company completed its income statement and balance sheet and provided the following information: Service Revenue $66,000

Expenses:
Salaries and Wages $42,000
Depreciation 7,300
Utilities 6,000
Office 1,700 57,000
Net Income $9,000
Decrease in Accounts Receivable $12,000
Paid Cash for Equipment 5,000
Increase in Salaries and Wages Payable 9,000
Decrease in Accounts Payable 4,250

Required:

1. Present the operating activities section of the statement of cash flows for New Vision Company using the indirect method
2 Of the potential causes of differences between cash flow from operations and net income, which are the most important to financial analysts?

Answers: 2

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New Vision Company completed its income statement and balance sheet and provided the following infor...