Use the following information from Coconut Companys financial statements to prepare the operating activities section of the
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Use the following information from Coconut 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 Inventory Prepaid Rent Accounts Payable Additional information: Net income Depreciation expense Dec. 31, 2018 $201,000 22,000 33,750 6,000 19,500 55,000 11,500 Dec. 31, 2017 $175,000 21,500 30,500 2,000 28,750
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Operating Activities Net Income 55000 Depreciation Expense 1150...View the full answer
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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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