A statement of cash flows for Friendly Markets, Inc., for 2014 appears below. Required: Prepare the worksheet

Question:

A statement of cash flows for Friendly Markets, Inc., for 2014 appears below.

Required:
Prepare the worksheet entry that would be made to prepare a cash flow statement for each of the numbered line items. For example, the worksheet entry for item (1) is asfollows:

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Financial Reporting and Analysis

ISBN: 978-0078025679

6th edition

Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon

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Question Posted: Sep 10, 2014 10:14 AM

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A statement of cash flows for Friendly Markets, Inc., for 2014 appears below. Required: Prepare the worksheet

Question:

(1) DR Cash (operations-Net income) $1,161,442 CR Retained earnings S1,161,442

Step by Step Answer:

2 DR Cash OperationsDepreciation expense addback 496106 CR Accumulated depreciation 496106 3 DR Cash ...View the full answer

Financial Reporting and Analysis

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