The net income reported on the income statement for the current year was $92,000. Depreciation recorded on
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Prepare the cash flows from operating activities section of the statement of cash flows, using the indirectmethod.
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End of Year Beginning of Year Cash Accounts receivable (net) Merchandise inventory Prepaid expenses Accounts payable (merchandise creditors) Wages payable $46,700 32,300 54,800 4,000 46,000 21,400 $44,200 31,100 56,700 3,500 42,900 23,600
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Accounting
ISBN: 978-0324401844
22nd Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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