Consider the following financial statement information. What are cash flows from operating activities? Net income Beginning...
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Consider the following financial statement information. What are cash flows from operating activities? Net income Beginning Deferred Rev Ending Deferred Rev Purchase of new equipment Beginning A/R Ending A/R Depreciation expense Gain on sale of equipment Loss on sale of investments 134,000 13,000 10,000 -$2,500 16,000 10,000 +10,000 -11,000 +22,000 Increase in accumulated depreciation 20,000 92,000 Beginning long-term notes Ending long-term notes 80,000 Consider the following financial statement information. What are cash flows from operating activities? Net income Beginning Deferred Rev Ending Deferred Rev Purchase of new equipment Beginning A/R Ending A/R Depreciation expense Gain on sale of equipment Loss on sale of investments 134,000 13,000 10,000 -$2,500 16,000 10,000 +10,000 -11,000 +22,000 Increase in accumulated depreciation 20,000 92,000 Beginning long-term notes Ending long-term notes 80,000
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