From the following, calculate the net cash flows from operating activities (use the direct method): Sales Cost
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Sales Cost of Goods Sold Salary Expense Insurance Expense Other Expenses (all cash) $9,000 4,400 1,600 800 1,000 Changes in current assets and liabilities: Accounts Receivable increased by $600 Inventory increased by $500. Accounts Payable increased by $100. Accrued Salaries decreased by $200. Prepaid Insurance decreased by $150
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College Accounting A Practical Approach
ISBN: 978-0132564441
11th Canadian Edition
Authors: Jeffrey Slater, Brian Zwicker
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