Portions of the Financial Statements for Horizon Telecom Are Provided

question 89

Essay

Portions of the financial statements for Horizon Telecom are provided below. Horizon Telecom
Selected Balance Sheet Data
December 31, 2012
$\begin{array}{lr}\text { Increase in accounts receivable } & \$ 6,000 \\\text { Increase in inventory } & 13,000 \\\text { Decrease in prepaid rent } & 9,000 \\\text { Increase in operating expenses payable } & 5,000 \\\text { Decrease in accounts payable } & 8,000 \\\text { Increase in income tax payable } & 20,000\end{array}$ Prepare the operating activities section of the statement of cash flows for Horizon Telecom using the indirect method.

---

Definitions:

Vocabulary Learning

The process of acquiring new words and phrases to improve communication and comprehension abilities in a language.

Peer-reviewed Articles

Scholarly articles that have been evaluated and critiqued by experts in the same field before publication.

Sociology Major

An academic discipline focused on the systematic study of society, social relationships, and social interaction.

Psychology Major

An academic program focusing on the study of the mind, brain, and behavior, preparing students for careers in psychology, research, therapy, or counseling, among other fields.