Judys Makeup Shops earned net income of $22,000, which included depreciation of $14,000. Judys acquired a $119,000
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1. How much did Judy’s cash balance increase or decrease during the year?
2. Were there any noncash transactions for the company? If so, show how they would be reported in the statement of cash flows.
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Related Book For
Financial and Managerial Accounting
ISBN: 978-0132497978
3rd Edition
Authors: Horngren, Harrison, Oliver
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