Use the following information to prepare a statement of cash flows for the year ended March 31,
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Use the following information to prepare a statement of cash flows for the year ended March 31, 2020, using the indirect method.
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Parker Consulting Parker Consulting Comparative Balance Sheet Information Income Statement For Year Ended March 31, 2020 March 31 $340 Sales 2020 2019 Operating expenses: Depreciation expense. $ 40 $ 5 Cash. $ 25 Accounts receivable (net). Office supplies. Prepaid rent. Equipment". Accum. deprec., equipment. Accounts payable. Unearned revenue. Common shares. 85 40 Other expenses. 300 15 22 Total operating expenses. 325 30 Profit (loss. $ 15 180 160 70 45 25 30 20 12 190 80 Retained earnings“. 45 60
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Related Book For
Fundamental Accounting Principles Volume II
ISBN: 978-1260305838
16th Canadian edition
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
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