Fitz Company reports the following information. Use the indirect method to prepare only the operating activities section
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Selected 2015 Income Statement Data Net income Depreciation expense - - Amortization expense·····.. . . Gain on sale of plant assets. Selected Year-End 2015 Balance Sheet Data Accounts receivable decrease.. $374,000 .$17,100 42,000 4,700 8,200 ,200 7.200 Prepaid expenses increase. 6,000 Accounts payable decrease... Salaries payable increase.
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Cash flows from operating activities Net income 374000 ...View the full answer
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0077862275
22nd edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta
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