(Appendix) The following information is taken from the accounting records of Ward Business for the current year:...

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(Appendix) The following information is taken from the accounting records of Ward Business for the current year:

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Using the indirect method, prepare the cash flows from the operating activities section of Ward's cash flow statement for the current year.

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Accounting Information For Business Decisions

ISBN: 9780170253703

2nd Edition

Authors: Billie Cunningham, Loren A. Nikolai, John Bazley, Marie Kavanagh, Geoff Slaughter, Sharelle Simmons

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Question Posted: Mar 02, 2024 11:01 PM

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(Appendix) The following information is taken from the accounting records of Ward Business for the current year:...

Question:

Net income, $34 000 Increase in inventory, $9200 Decrease in accounts receivable, $17 000 Depreciation expense, $20 000 Decrease in salaries payable, $2000 Increase in accounts payable, $12400

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Accounting Information For Business Decisions

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