Winding Road Cellular accountants have assembled the following data for the year ended April 30, 2024: Prepare
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Winding Road Cellular accountants have assembled the following data for the year ended April 30, 2024:
Prepare the operating activities section using the indirect method for Winding Road Cellular’s statement of cash flows for the year ended April 30, 2024.
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Cash receipt from sale of land Depreciation expense Cash payment of dividends Cash receipt from issuance of common stock $ 27,000 Net income 2,000 Cash purchase of equipment 5,800 Decrease in current liabilities 17,000 Increase in current assets other than cash $ 55,000 44,000 20,000 27,000
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WINDING ROAD CELLULAR Statement of Cash FlowsPartial Year Ended April 30 202...View the full answer
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