I’m working on a Accounting spreadsheet and need a sample draft to help me study.
Of the $194,500 in operating expenses, $10,000 is depreciation expense.
The other good thing about this assignment is that there are multiple spots where you can check your answers:
1. Cash flows from operating + investing + financing activities should equal the change in your cash account. If it does not, you messed up somewhere.
2. The direct and indirect method should provide the exact same cash flows from operating activities. If they do not, at least one of the methods is incorrect.
Best of luck studying and enjoy your weekend!
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