Good Choice Toys Shop includes the following accounting records for its financial year ended June 30, 2024:
Question:
Good Choice Toys Shop includes the following accounting records for its financial year ended June 30, 2024:
Requirement
Compute cash flows from operating activities by the indirect method.
Transcribed Image Text:
Net income Payment of interest Payment of dividends Sales revenue Loss on sale of equipment Depreciation $ 117,000 36,000 23,400 42,000 69,000 54,000 Payment of income tax Collection of dividend revenue Acquisition of land Decrease in current liabilities Increase in current assets other than cash $ 45,000 23,700 129,000 57,000 75,000
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Related Book For
Horngrens Financial And Managerial Accounting The Managerial Chapters
ISBN: 9781292412337
7th Global Edition
Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura
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