Portions of the financial statements for Myriad Products are provided below. Required: Prepare the cash flows from
Question:
Portions of the financial statements for Myriad Products are provided below.
Required:
Prepare the cash flows from operating activities section of the statement of cash flows for Myriad Products Company using the direct method.
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MYRIAD PRODUCTS COMPANY Income Statement For the Year Ended December 31, 2021 ($ in millions) Sales $660 Cost of goods sold 250 Gross margin Salaries expense Depreciation expense Amortization expense 410 $110 90 Interest expense 20 Loss on sale of land 3 228 Income before taxes 182 Income tax expense 91 Net Income $ 91
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ANUPRIYA P S
Now i am doing cost and management accounting. Beside these i also taking tusion for degree students. I complete my degree on bachelor of commerce in finance in 2018 and after that i joined in cost management accountant (CMA) and i complete the intermediate level. Ist group pass in first attempt and second group in second attempt. Along with these i also take tusion for students in degree and plus two level. I would like to teach. Its a passion to me.
I pass the tenth level with a grade of 87% and a choose the commerce field and for plus two i got a 89%. Then after that i take bcom and pass with a mark of 75%. I would like to do accounting works it is also to me a passion so i select the accounting field and choose a professional course Cost Management Accountant.
I worked in a company of manufacturing of various food powders like putt podi, Appam podi etc. I worked here for a 6 month and worked as a accounting trainee for one year in an chartered accountants firm. With in a short period i experience many things. I can grab more than i can expect. It also a great experience to me in accounting Field.
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Related Book For
Intermediate Accounting
ISBN: 978-1260481952
10th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
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