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, 2017, using the indirect method.
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Parker Consulting Income Statement For Year Ended March 31, 2017 Sales......... Operating expenses: ******** Depreciation expense Other expenses......... Total operating expenses..... Profit (loss)..... $ 25 300 $340 325 $15 Parker Consulting Comparative Balance Sheet Information Cash........ Accounts receivable (net) ...... Office supplies...... Prepaid rent.. Equipment* Accum. deprec., equipment...... Accounts payable ................. Unearned revenue Common shares.... Retained earnings**. ********* ……………………. March 31 2017 $ 40 85 15 30 180 70 25 20 190 45 *The change in Equipment was caused by a $20 purchase. **$30 of dividends were paid during 2017. 2016 $ 5 40 22 0 160 45 30 12 80 60
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Related Book For
Fundamental Accounting Principles Volume 2
ISBN: 9781259087363
15th Canadian Edition
Authors: Kermit Larson, Heidi Dieckmann
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