Use the following information from Acorn Companys financial statements to determine operating net cash flows (indirect method).
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Use the following information from Acorn Company’s financial statements to determine operating net cash flows (indirect method).
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Sales Cost of Goods Sold Operating Expenses, other than depreciation expense Depreciation Expense Loss on sale of plant assets Net Income Accounts Receivable Accounts Payable Accounts Receivable. Accounts Payable 2018 Income Statement $ 453,000 (359,000) (65,000) (8,000) (11,900) 9,100 Balance Sheets Dec. 31, 2018 $29,500 13,250 Dec. 31, 2017 $26,500 11,750
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Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
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