Use the following information from Birch Companys balance sheets to determine net cash flows from operating activities

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Use the following information from Birch Company’s balance sheets to determine net cash flows from operating activities (indirect method), assuming net income for 2018 of $122,000.

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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 information from Birch Companys balance sheets to determine net cash flows from operating activities

Question:

Accounts Receivable Prepaid Insurance Accounts Payable Accrued Liabilities Dec. 31, 2018 $12,800 4,000 9,000 2,500 Dec. 31, 2017 $15,000 3,500 8,200 2,800

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Principles Of Accounting Volume 1 Financial Accounting

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