The Income Statement of Meaney Inc Meaney Has No Depreciable Assets

question 73

Essay

The income statement of Meaney Inc. for the year ended December 31, 2014, reported the following condensed information: Meaney's balance sheet contained the following comparative data at December 31: $\begin{array}{rr}&2014&2013\\\text { Accounts receivable }&\$ 50,000 & \$ 65,000 \\\text { Accounts payable }&35,000 & 30,000 \\\text { Income taxes payable. }&1,000 & 3,000\end{array}$ Meaney has no depreciable assets. Accounts payable pertains to operating expenses.
Instructions
Prepare the operating activities section of the cash flow statement, using the direct method.

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Definitions:

Workforce Diversity

The range of differences among the members of a workforce, including but not limited to race, gender, ethnicity, age, and sexual orientation.

Contemporary Organizations

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Mintzberg's Managerial Roles

Refer to the ten roles classified by Henry Mintzberg which describe the varied tasks and responsibilities of managers, including interpersonal, informational, and decisional roles.

Four Functions of Management

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