Madison Corp. reported die following in the Current Assets section of its comparative balance sheets: Supplemental information

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Madison Corp. reported die following in the Current Assets section of its comparative balance sheets:

Supplemental information at the bottom of Madison's 2016 statement of cash flows was as follows:

Madison's 2016 debt service coverage ratio was 20 to 1. Determine Madison's cash flow from operations for 2016.

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Financial Accounting The Impact On Decision Makers

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Authors: Gary A. Porter, Curtis L. Norton

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Question Posted: Jun 30, 2016 09:05 AM

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Madison Corp. reported die following in the Current Assets section of its comparative balance sheets: Supplemental information

Question:

December 31, 2016 December 31, 2015 Current Liabilities Current portion of notes payable $400,000 $600,000 Interest paid Income taxes paid 2016 $135,000 550,000 2015 $155,000 425,000

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Financial Accounting The Impact On Decision Makers

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