Use the following information from Berlin Companys financial statements to prepare the operating activities section of the
Question:
Use the following information from Berlin Company’s financial statements to prepare the operating activities section of the statement of cash flows (indirect method) for the year 2018.
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Cash. Accounts Receivable Prepaid Assets Total Assets Accrued Liabilities Common Stock Retained Earnings Total Liabilities and Equity Additional information: Net income Dividends paid Dec. 31, 2018 $29,000 11,500 1,200 41,700 1,700 33,000 7,000 41,700 5,800 4,000 Dec. 31, 2017 $24,000 12,000 1,000 37,000 1,800 30,000 5,200 37,000
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Related Book For
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
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