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Author Question: Parnell Corporation provided the following financial information:Sales$105,000Cost of goods ... (Read 68 times)

connormoss

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Parnell Corporation provided the following financial information:

Sales$105,000
Cost of goods sold65,000
Operating expenses (includes $5,000 depreciation)30,000
Accounts receivable beginning/ending balances$15,000 and $20,000
Inventory beginning/ending balances30,000 and 34,000
Accounts payable beginning/ending balances25,000 and 32,000
Accrued liabilities beginning/ending balances10,000 and 8,000
Required:

Using the direct method, prepare the operating activities section of Parnell's statement of cash flows. Omit the statement heading.


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Marked as best answer by connormoss on Feb 5, 2023

xinyifff

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connormoss

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Reply 2 on: Feb 5, 2023
YES! Correct, THANKS for helping me on my review


6ana001

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Reply 3 on: Yesterday
:D TYSM

 

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