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28 Aug
2019

Zumbrunn Company s income statement | Good Grade Guarantee!

Zumbrunn Company s income statement contained the following condensed information. Zumbrunn s balance sheets contained the comparative data at December 31, shown below. __________________________________________2019 2018 Accounts receivable………………………………$75,000………$65,000 Accounts payable…………………………………..46,000………..28,000 Income taxes payable………………………………11,000………….7,000 Accounts payable pertain to operating expenses. Instructions Prepare the operating activities section of the statement of cash flows using the indirect method.

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