The accounting records of Four Seasons Parts reveal the following: Compute cash flows from operating activities using
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Compute cash flows from operating activities using the direct method for the year ended December 31, 2018.
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Payment of salaries and wages Depreciation expense Payment of interest Payment of dividends Collections from customers Net income Payment of income tax $ 21,000 16,000 5,000 $ 34,000 10,000 17,000 5,000 116,000 Collection of dividend revenue Payment to suppliers 51,000
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Related Book For
Horngrens Financial And Managerial Accounting The Financial Chapters
ISBN: 9780134486840
6th Edition
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
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