Use the following information from Honolulu Companys financial statements to prepare the operating activities section of the
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Use the following information from Honolulu 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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Cash Accounts Receivable Prepaid Assets Total Assets Accrued Liabilities Common Stock Retained Earnings Total Liabilities and Equity Additional information: Net income Dividends paid Dec. 31, 2018 $275,000 143,000 8,500 426,500 120,000 285,000 21,500 426,500 20,500 12,000 Dec. 31, 2017 $254,000 132,000 9,000 395,000 112,000 270,000 13,000 395,000
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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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