Data for Norman NV are presented in E23 5 Instructions Prepare the operating activities section of the statement of cash flows using the indirect method Service revenue 840,000 Operating expenses (excluding depreciation) 624,000 Depreciation expense 60,000 Loss on sale of equipment 26,000 710,000 I...

NORMAN NV Partial Statement of Cash Flows For the Y ...

Data for Norman NV are presented in E23.5. Instructions Prepare the operating activities section of the statement

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Data for Norman NV are presented in E23.5.

Service revenue €840,000 Operating expenses (excluding depreciation) €624,000 Depreciation expense 60,000 Loss on sa

Instructions
Prepare the operating activities section of the statement of cash flows using the indirect method.

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Intermediate Accounting IFRS

ISBN: 978-1119372936

3rd edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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Question Posted: Nov 23, 2017 10:03 AM

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Data for Norman NV are presented in E23.5. Instructions Prepare the operating activities section of the statement

Question:

Service revenue €840,000 Operating expenses (excluding depreciation) €624,000 Depreciation expense 60,000 Loss on sale of equipment 26,000 710,000 Income before income taxes 130,000 Income tax expense 40,000 € 90,000 Net income

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Intermediate Accounting IFRS

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