ADJUSTING NET INCOME FOR CHANGES IN CURRENT ASSETS AND CURRENT LIABILITIES Roberts Company reported net income of

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ADJUSTING NET INCOME FOR CHANGES IN CURRENT ASSETS AND CURRENT LIABILITIES Roberts Company reported net income of $50,000 for 20-2. The December 31 balances of the current assets and current liabilities are shown below.

20-2 20-1 $10,000 50,000 40,000 Accounts Receivable Merchandise Inventory Accounts Payable Wages Payable $ 6,000 60,000

Compute cash provided by operatingactivities.

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ISBN: 978-0538745192

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Authors: Heintz and Parry

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Question Posted: Dec 23, 2011 08:54 AM

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ADJUSTING NET INCOME FOR CHANGES IN CURRENT ASSETS AND CURRENT LIABILITIES Roberts Company reported net income of

Question:

20-2 20-1 $10,000 50,000 40,000 Accounts Receivable Merchandise Inventory Accounts Payable Wages Payable $ 6,000 60,000 36,000 24,000 16,000

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Cash from operating activities Net income Adjustments for change...View the full answer

College Accounting

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