For each of the following companies, calculate the cash flow from operations using the indirect method: Kotei
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For each of the following companies, calculate the cash flow from operations using the indirect method:
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Kotei & Sons Ltd. SaskCo Sales revenue Cost of goods sold Depreciation expense Other operating expenses Interest expense Gain (loss) on sale of equipment Dividends paid Increase/(Decrease) in $453,000 235,000 40,000 50,000 15,000 9,000 6,000 $790,000 420,000 70,000 60,000 20,000 (15,000) 10,000 Movilla Ltd $960,000 550,000 80,000 70,000 35,000 (14,000) 12,000 Accounts receivable Inventory Prepaid expenses Property, plant, and equipment Accounts payable Interest payable Bonds payable Common shares 14,000 (20,000) 1,000 220,000 (8,000) 3,000 (20,000) 70,000 (16,000) 25,000 (2,400) (70,000) 12,000 (8,000) 50,000 (10,000) 15,000 30,000) (2,600) 150,000 (8,000) 5,000 60,000 120,000
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Kotei Sons Ltd Sask Co Movilla Ltd Net Earnings 122000 2050...View the full answer
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Related Book For
Understanding Financial Accounting
ISBN: 978-1118849385
1st Canadian Edition
Authors: Christopher Burnley, Robert Hoskin, Maureen Fizzell, Donald
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