The records of McKnight Color Engraving reveal the following: Requirements 1. Compute cash flows from operating activities
Question:
Requirements
1. Compute cash flows from operating activities by the indirect method.
2. Evaluate the operating cash flow of McKnight Color Engraving. Give the reason for yourevaluation.
Transcribed Image Text:
Net income Sales revenue Loss on sale of land Acquisition of land $ 38,000 Depreciation 51,000 Decrease in current liabilitics 5,000 Increasc in current assets other than cash $ 4,000 28,000 39,000 14,000
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Related Book For
Financial and Managerial Accounting
ISBN: 978-0132497978
3rd Edition
Authors: Horngren, Harrison, Oliver
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