Judys Makeup Shops earned net income of $22,000, which included depreciation of $14,000. Judys acquired a $119,000
Question:
Requirements
1. How much did Judy’s cash balance increase or decrease during the year?
2. Were there any noncash transactions for the company? If so, show how they would be reported in the statement of cash flows.
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Req 1 Net income 22000 Depreciation 14000 Purchase of build...View the full answer
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Mugdha Sisodiya
My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional.
Since 2012 I am providing home tutions.
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Related Book For
Financial and Managerial Accounting
ISBN: 978-0132497978
3rd Edition
Authors: Horngren, Harrison, Oliver
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