A statement of cash flows for Friendly Markets, Inc., for 2014 appears below. Required: Prepare the worksheet
Question:
Required:
Prepare the worksheet entry that would be made to prepare a cash flow statement for each of the numbered line items. For example, the worksheet entry for item (1) is asfollows:
Transcribed Image Text:
(1) DR Cash (operations-Net income) $1,161,442 CR Retained earnings S1,161,442
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2 DR Cash OperationsDepreciation expense addback 496106 CR Accumulated depreciation 496106 3 DR Cash ...View the full answer
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Related Book For
Financial Reporting and Analysis
ISBN: 978-0078025679
6th edition
Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon
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