Connect Cellular accountants have assembled the following data for the year ended April 30, 2025: Prepare the
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Connect Cellular accountants have assembled the following data for the year ended April 30, 2025:
Prepare the operating activities section using the indirect method for Connect Cellular’s statement of cash flows for the year ended April 30, 2025.
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Cash receipt from sale of land Depreciation expense Cash payment of dividends Cash receipt from issuance of common stock $ 34,000 Net income 20,000 Cash purchase of equipment 6,100 Decrease in current liabilities 30,000 Increase in current assets other than cash $ 55,000 39,000 19,000 14,000
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Related Book For
Horngrens Financial And Managerial Accounting The Financial Chapters
ISBN: 9780137858651
8th Edition
Authors: Tracie Miller Nobles, Brenda Mattison
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