The following is financial information for three companies. Required For each of the above companies, calculate the
Question:
The following is financial information for three companies.
Required
For each of the above companies, calculate the cash flow from operations using the indirect method.
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Sales revenue Cost of goods sold Depreciation expense Other operating expenses Interest expense Gain (loss) on sale of equipment Dividends paid Increase/(Decrease) in Accounts receivable Inventory Prepaid expenses Property, plant, and equipment Accounts payable Interest payable Bonds payable Common shares Kotei & Sons Ltd. $453,000 235,000 40,000 50,000 15,000 9,000 6,000 14,000 (20,000) 1,000 220,000 (8,000) 3,000 (20,000) 70,000 SaskCo. $790,000 420,000 70,000 60,000 20,000 (15,000) 10,000 (16,000) 25,000 (2,400) (70,000) 12,000 (8,000) 50,000 (10,000) Movilla Ltd. $960,000 550,000 80,000 70,000 35,000 (14,000) 12,000 15,000 (30,000) (2,600) 150,000 (8,000) 5,000 60,000 120,000
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Related Book For
Understanding Financial Accounting
ISBN: 9781119715474
3rd Canadian Edition
Authors: Christopher D. Burnley
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