Accountants for Morganson, Inc. have assembled the following data for the year ended December 31, 2024: Prepare

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Accountants for Morganson, Inc. have assembled the following data for the year ended December 31, 2024:

Prepare Morganson’s statement of cash flows using the indirect method. Include an accompanying schedule of non-cash investing and financing activities.

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Horngrens Accounting The Financial Chapters

ISBN: 9780136162186

13th Edition

Authors: Tracie Miller Nobles, Brenda Mattison

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Question Posted: Mar 05, 2023 03:04 AM

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Accountants for Morganson, Inc. have assembled the following data for the year ended December 31, 2024: Prepare

Question:

Current Assets: Cash Accounts Receivable Merchandise Inventory Current Liabilities: Accounts Payable Income Tax Payable 2024 $ 99,400 64,100 83,000 57,600 14,800 2023 $ 25,000 69,700 75,000 55,200 16,800

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Horngrens Accounting The Financial Chapters

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