Use the following excerpts from Indigo Companys balance sheets to determine net cash flows from operating activities

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Use the following excerpts from Indigo Company’s balance sheets to determine net cash flows from operating activities (indirect method), assuming net income for 2018 of $225,000.

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Principles Of Accounting Volume 1 Financial Accounting

ISBN: 9781593995942

1st Edition

Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax

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Question Posted: Sep 01, 2022 12:21 AM

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Use the following excerpts from Indigo Companys balance sheets to determine net cash flows from operating activities

Question:

Accounts Receivable Prepaid Insurance Accounts Payable Accrued Liabilities Dec. 31, 2018 $33,000 17,000 19,000 11,700 Dec. 31, 2017 $31,500 18,000 19,500 11,000

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Principles Of Accounting Volume 1 Financial Accounting

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