Use the following excerpts from OpenAir Companys financial information to prepare a statement of cash flows (indirect
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Use the following excerpts from OpenAir Company’s financial information to prepare a statement of cash flows (indirect method) for the year 2018.
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Beginning cash Net income Depreciation expense Accounts receivable change Inventory change Prepaid assets change Investments change (no asset sales) Accounts payable change Note payable principal balance change (no new loans) Common stock balance change (due to stock issuance) $120,000 87,500 22,000 8,900 (6,500) 2,400 30,000 (800) (21,000) 36,000
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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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