Need help preparing the income statement and in estimating the cash from operations.© BrainMass Inc. brainmass.com December 24, 2021, 4:57 pm ad1c9bdddf
Please see the attached Excel worksheet.
It is assumed that admin depreciation is 9% of administrative cash, thus when administrative cash increased by 8%, so did admin ...
This question involves the fundamentals of accounting. The income statements are compared.