Refer to the following end-of-period information for the Spring Company: Spring Company uses the indirect method for

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Refer to the following end-of-period information for the Spring Company:

2001 2000 Income statement data: . S20,000 Depreciation expense.. Loss on sale of equipment .10,000 Net income.. 200,000

Spring Company uses the indirect method for the Statement of Cash Flows. Net cash flows from operating activities for 2001 would be _______.

a. $196,000

b. $200,000

c. $206,000

d. $226,000

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Fundamental Accounting Principles Volume II

ISBN: 978-1259066511

14th Canadian Edition

Authors: Larson Kermit, Jensen Tilly

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Question Posted: Apr 30, 2013 09:46 AM

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Refer to the following end-of-period information for the Spring Company: Spring Company uses the indirect method for

Question:

2001 2000 Income statement data: . S20,000 Depreciation expense.. Loss on sale of equipment .10,000 Net income.. 200,000 Balance sheet data: S45,000 Accounts receivable S40,000 Merchandise inventory 20,000 30,000 Accounts payable 25,000 23,000 Accrued interest payable 9,000 8,000

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c 206000 Computation of the Net Cash flows from operating activities for 2001 Par...View the full answer

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