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Weygandt, Accounting Principles, 12e Question S ZUMBRUNN COMPANY Income Statement For the Year Ended December 31, 2017 Service revenue Operating expenses, excluding depreciation Depreciation expense Loss on disposal of equipment Income before income taxes Income tax expense Net income 54,500 26,000 704,200 40,900 5224,700 Zumbrumns balance sheet contained the comparative data at December 31, shown below 2017 2016 $75,800 40,600 $59,100 27,700 6,100 Accounts payable Income taxes payable Accounts payable pertain to operating expenses Prepare the operating activities section of the statement of cash flows using the indirect method. (Show a (15,000). o search F4FS F6 F8 3 5 6
Assignment Gradebook ORION Downloadable eTextbook nt ZUMBRUNN COMPANY Partial Statement of Cash Flows Adjustments to reconaile net income to LINK TO TEXT ch
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