Listed below are all items relevant to operating activities for three independent cases: Case A Case...
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Listed below are all items relevant to operating activities for three independent cases: Case A Case B $65,000 $55,000 $96,000 26,000 Case C Sales revenue Cost of goods sold Depreciation expense Salaries and wages expense Net income (loss) Accounts receivable increase (decrease) Inventory increase (decrease) Accounts payable increase (decrease) Salaries and wages payable increase (decrease) 35,000 65,000 26,000 | ৪, 000 (3,000) 3,000 (3,000) (1,000) (2,000) 1,000 2,000 10,000 5,000 15,000 (1,000) 2,000 13,000 14,000 4,000 2,500 1,500 Compute cash flows from operating activities using the direct method. (Amounts to be deducted should be indicated with a minus sign.) Case A Case B Case C Cash Collected from Customers Cash Payments to Suppliers Cash Payments for Salaries and Wages Net Cash Provided by (Used in) Operating Activities O $ %24 Listed below are all items relevant to operating activities for three independent cases: Case A Case B $65,000 $55,000 $96,000 26,000 Case C Sales revenue Cost of goods sold Depreciation expense Salaries and wages expense Net income (loss) Accounts receivable increase (decrease) Inventory increase (decrease) Accounts payable increase (decrease) Salaries and wages payable increase (decrease) 35,000 65,000 26,000 | ৪, 000 (3,000) 3,000 (3,000) (1,000) (2,000) 1,000 2,000 10,000 5,000 15,000 (1,000) 2,000 13,000 14,000 4,000 2,500 1,500 Compute cash flows from operating activities using the direct method. (Amounts to be deducted should be indicated with a minus sign.) Case A Case B Case C Cash Collected from Customers Cash Payments to Suppliers Cash Payments for Salaries and Wages Net Cash Provided by (Used in) Operating Activities O $ %24
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Related Book For
Financial Accounting Tools for business decision making
ISBN: 978-0470534779
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
Posted Date:
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