Use the following information from Grenada Companys financial statements to prepare the operating activities section of the
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Use the following information from Grenada 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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Sales Cost of Goods Sold Operating Expenses, other than depreciation expense Depreciation Expense Gain on Sale of Investments Net Income Accounts Receivable Accounts Payable Accounts Receivable Accounts Payable 2018 Income Statement $ 286,000 (159,000) (77,500) (9,500) 14,200 54,200 Balance Sheets Dec. 31, 2018 $16,500 7,400 Dec. 31, 2017 $18,250 8,800
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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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