Data for Norman NV are presented in E23.5. Instructions Prepare the operating activities section of the statement
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Instructions
Prepare the operating activities section of the statement of cash flows using the indirect method.
Transcribed Image Text:
Service revenue €840,000 Operating expenses (excluding depreciation) €624,000 Depreciation expense 60,000 Loss on sale of equipment 26,000 710,000 Income before income taxes 130,000 Income tax expense 40,000 € 90,000 Net income
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Related Book For
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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