Using the indirect method, calculate the cash inflow or outflow from operating activities using the following information:
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Using the indirect method, calculate the cash inflow or outflow from operating activities using the following information:
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Smoothy Juice Inc. Comparative Balance Sheet Information December 31 2020 2019 $ 50 $ 35 Cash. Accounts receivable (net). 46 20 Merchandise inventory. 30 33 Prepaid rent. Property, plant, and equipment (net)". 260 265 Accounts payable 59 52 Accrued liabilities. 16 20 Common shares. 90 90 Retained earnings". 228 200
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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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