Blue spruce corp. reported net income of $194,740 for 2022. blue spruce corp. also reported depreciation expense of $36,900 and a loss of $5,030 on the disposal of plant assets. the comparative balance sheets show an increase in accounts receivable of $15,650 for the year, a $15,880 increase in accounts payable, and a $4,250 increase in prepaid expenses. prepare the operating activities section of the statement of cash flows for 2022. use the indirect method.

Explanation:

The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:

Cash flow from Operating activities - Indirect method

Net income $194,740

Adjustment made:

Add : Depreciation expense $36,900

Add: Loss on disposal of plant assets $5,030

Less: Increase in accounts receivable -$15,650

Add: Increase in accounts payable $15,880

Less: Increase in prepaid expense -$4,250

Total of Adjustments $37,910

Net Cash flow from Operating activities           $232,650

explanation:

kool beans

answer: b) the us is the leading importer but not the leading exporter.

extra info:

the u.s is the largest importer but it is not the largest exporter as china sits on the top of the table when it comes to leading exporters.

but u.s is not far from first,

they rank in 2nd globally as the worlds largest exporter.

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