Use the following excerpts from Indigo Companys balance sheets to determine net cash flows from operating activities
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Use the following excerpts from Indigo Company’s balance sheets to determine net cash flows from operating activities (indirect method), assuming net income for 2018 of $225,000.
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Accounts Receivable Prepaid Insurance Accounts Payable Accrued Liabilities Dec. 31, 2018 $33,000 17,000 19,000 11,700 Dec. 31, 2017 $31,500 18,000 19,500 11,000
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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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