Use the following information from Chocolate Companys financial statements to determine operating net cash flows (indirect method).
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Use the following information from Chocolate Company’s financial statements to determine operating net cash flows (indirect method).
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Sales Cost of Goods Sold Salaries Expense Depreciation Expense Net Income Accounts Receivable decrease Merchandise Inventory increase Salaries Payable increase Income Statement Balance Sheet $ 98,500 (62,000) (18,000) (9,000) 9,500 $2,000 1,600 450
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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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