Use the following information to calculate operating and financing cash flows. Net Income/(Loss) (8,000) Decrease in...
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Use the following information to calculate operating and financing cash flows. Net Income/(Loss) (8,000) Decrease in accounts receivable (3,000) Cost of Goods Sold 8,000 Increase in accrued expenses 3,000 Decrease in inventory (2,000) Decrease in equipment (1,000) Increase in accounts payable 3,000 Increase in bonds payable 4,000 Depreciation expense 8,000 Increase in common stock 9,000 Decrease in retained earnings (14,000) What are operating cash flows? What are financing cash flows Round your answer to the nearest dollar (e.g. $2,000) Blank # 1 Blank # 2 A A Use the following information to calculate operating and financing cash flows. Net Income/(Loss) (8,000) Decrease in accounts receivable (3,000) Cost of Goods Sold 8,000 Increase in accrued expenses 3,000 Decrease in inventory (2,000) Decrease in equipment (1,000) Increase in accounts payable 3,000 Increase in bonds payable 4,000 Depreciation expense 8,000 Increase in common stock 9,000 Decrease in retained earnings (14,000) What are operating cash flows? What are financing cash flows Round your answer to the nearest dollar (e.g. $2,000) Blank # 1 Blank # 2 A A
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Answer To calculate the operating cash flows we use the indirect method which ... View the full answer
Related Book For
Financial Accounting: A Business Process Approach
ISBN: 978-0136115274
3rd edition
Authors: Jane L. Reimers
Posted Date:
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