YAHK LTD Income Statement For the Year Ended December 31, 2017, Sales 860000 Cost of goods sold

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YAHK LTD Income Statement For the Year Ended December 31, 2017,

Sales 860000

Cost of goods sold 258000

Gross margin 602000

Wage expense 154800

Interest expense 38250

Depreciation expense 54500

Other expense 69250

Loss on sale of equipment 25800

Tax expense 61900

Net income 197500

Required

Calculate cash from operations for Yahk using the indirect method and prepare the cash from operations section of Yahks cash flow statement List.

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Principles of Accounting

ISBN: 978-0618736614

10th edition

Authors: Belverd Needles, Marian Powers, Susan Crosson

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Posted Date: Jan 05, 2021 02:41 PM

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YAHK LTD Income Statement For the Year Ended December 31, 2017, Sales 860000 Cost of goods sold

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ANSWER Cash from operations Net income 197500 Add Depreciation ... View the full answer

Principles of Accounting

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