Refer to the information provided for Peach Computer in E11€“11.

You are watching: Portions of the financial statements for peach computer are provided below.

In E11€“11, Portions of the financial statements for Peach Computer are provided below.
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Required: Prepare the operating activities section of the statement of cash flows for Peach Computer using the directmethod.


Financial Statements Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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to the information provided for Peach Computer in E11–11. Required: Prepare the operating activities section of the statement of cash flows for Peach Computer using the direct method. E11-11 View Answer
Refer to the information provided for Peach Computer in E11-11.E11-11Portions of the financial statements for Peach Computer are provided below. Required: Prepare the operating activities section of the statement of cash flows for Peach Computer using the direct method. View Answer
Refer to the information provided for Peach Computer in E11-11.E11-11Portions of the financial statements for Peach Computer are provided below.

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Required: Prepare the operating activities section of the statement of cash flows for Peach Computer using the direct method. View Answer
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Portions of the financial statements for Peach Computer are provided below. Required: Prepare the operating activities section of the statement of cash flows for Peach Computer using the indirect method. View Answer
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PEACH COMPUTER Income Statement For the year ended December 31, 2015 Net sales $2,050,000 Expenses: Cost of goods sold Operating expenses Depreciation expense Income tax expense Total expenses $1,150,000 660,000 60,000 50,000 1,920,000 130,000 Net income PEACH COMPUTER December 31 2015 Selected Balance Sheet Data 2014 Increase (I) or Decrease (D) $22,000 () 8,000 (D) 25,000 () 3,000 (D) 13,000 () 9,000 (D) Cash $112,000 $90,000 46,000 54,000 85,000 60,000 4,000 Prepaid rent Accounts payable Income tax payable 55,00042,000 6,000 15,000