Use a spreadsheet and the following financial information from Mineola Companys financial statements to build a template
Question:
Use a spreadsheet and the following financial information from Mineola Company’s financial statements to build a template that automatically calculates the net operating cash flow. It should be suitable for use in preparing the operating section of the statement of cash flows (indirect method) for the year 2018.
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Cash Account Receivable Prepaid Assets Total Assets Accounts Payable Common Stock Retained Earnings Total Liabilities and Equity Additional information: Net income Dividends paid Dec. 31, 2018 $57,000 12,500 1,500 71,000 2,700 39,000 29,300 71,000 7,000 4,000 Dec. 31, 2017 $42,000 15,000 1,100 58,100 1,800 30,000 26,300 58,100
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Revenue 1000000 Cost of Goods Sold 400000 Operating Expenses 200000 Deprecia...View the full answer
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Related Book For
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
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