Shen Limited reported net income of $32,000 for its latest year ended March 31, 2014. Instructions For

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Shen Limited reported net income of $32,000 for its latest year ended March 31, 2014.

Instructions

For each of the five different situations involving the statement of financial position accounts that follow, calculate the cash flow from operations:

Shen Limited reported net income of $32,000 for its latest

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Related Book For answer-question

Intermediate Accounting

ISBN: 978-1118300855

10th Canadian Edition Volume 2

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy

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Question Posted: Nov 15, 2016 11:25 AM

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Shen Limited reported net income of $32,000 for its latest year ended March 31, 2014. Instructions For

Question:

Accounts Receivable March 31 Inventory March 31 Accounts Payable March 31 2013 $14,100 $11,300 $15,600 2

Step by Step Answer:

a Cash flows from operating activities Net income 32000 Adjustment to reconcile net income to net ca...View the full answer

Intermediate Accounting

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