Use the following information from Eiffel Companys financial statements to prepare the operating activities section of the
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Use the following information from Eiffel Company’s financial statements to prepare the operating activities section of the statement of cash flows (indirect method) for the year 2018.
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Sales Cost of Goods Sold Operating Expenses, other than depreciation expense Depreciation Expense Gain on Sale of Plant Assets Net Income Accounts Receivable Inventory Accounts Payable Accrued Liabilities Accounts Receivable Inventory Accounts Payable Accrued Liabilities 2018 Income Statement $ 299,000 (135,000) (27,000) (17,000) 16,500 136,500 Balance Sheets Dec. 31, 2018 $45,300 1,600 22,500 900 Dec. 31, 2017 $43,400 1,800 21,250 1,150
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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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