The following information is taken from the income statement of Pittsburg Inc. for 2019: Additional information relating
Question:
Additional information relating to account balances at the beginning and end of the year appears below:
Determine the cash flows from operations for 2019.
Transcribed Image Text:
Sales $950,000 Cost of Goods Sold Gross Profit on Sales Operating Expenses Depreciation Other Operating Expenses Net Income from Operations 600,000 350,000 $ 20,000 180,000 200,000 $150,000 Jan. 1, 2019 $56,000 Dec. 31, 2019 Accounts Recelvable Merchandise Inventory Accrued Liabilities Accounts Payable $50,000 74,000 5,000 38,000 78,000 2,500 29,000
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Related Book For
College Accounting Chapters 1-30
ISBN: 978-1259631115
15th edition
Authors: John Price, M. David Haddock, Michael Farina
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