Use the following information to determine this companys cash flows from operating activities using the indirectmethod. MOSS
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MOSS COMPANY Income Statement For Year Ended December 31,2013 MOSS COMPANY Selected Balance Sheet Information December 31,2013 and 20 $515,000 331,600 183.400 Sales... Cost of goods sold Gross profit 2013 2012 Current assets $84.650 $6,800 Operating expenses 25,000 32,000 Depreciation expense 60,000 54,100 . 36,000 Accounts receivable 121,500 157,500 25,900 7.700 $18,200 Other e Income before taxes .. Current liabilities 25,700 Income taxes expense Net income Income taxes payable .. .. 2050 2,200
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Fundamental accounting principle
ISBN: 978-0078025587
21st edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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