The following accounts and corresponding balances were drawn from Osprey Companys 2014 and 2013 year-end balance sheets:
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During the year, $84,000 of unearned revenue was recognized as having been earned. Rent expense for 2014 was $24,000.
Required
Based on this information alone, prepare the operating activities section of the statement of cash flows assuming the direct approach isused.
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Reconciliation of Unearned Revenue Beginning balan...View the full answer
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Related Book For 
Fundamental financial accounting concepts
ISBN: 978-0078025365
8th edition
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
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