Question: Indicate by an X in the appropriate column
Indicate by an X in the appropriate column whether an item is added or subtracted to derive cash flow from operatingactivities.
Answer to relevant QuestionsThe account balances for the non-cash current assets and current liabilities of Peartree Software Inc. are as follows:During 2014, Peartree reported depreciation expense of $56,000. All purchases and sales are on account. ...Refer to the information about VicWest Inc. presented in Exercise 17-7. Use the direct method and prepare a statement of cash flows.Talware Networx Inc.’s balance sheet and income statement are as follows:Additional information regarding Talware’s activities during 2014:a. Equipment is purchased for $16,800 cash.b. 11,200 common shares are issued ...Lockerbie & Hole Inc. began operations on January 1, 2013. Its post-closing trial balance at December 31, 2013 and 2014, is shown below along with some other information.Other information regarding Lockerbie & Hole Inc. and ...Required Refer to the information in Problem 17-5B. Prepare a statement of cash flows for 2014 using the direct method to report cash inflows and outflows from operating activities.Other information:a. All sales were credit ...
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