Use the following information from Jumper Companys financial statements to determine operating net cash flows (indirect method).
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Use the following information from Jumper Company’s financial statements to determine operating net cash flows (indirect method).
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Sales Cost of Goods Sold Salaries Expense Depreciation Expense Net Income Accounts Receivable decrease Merchandise Inventory increase Salaries Payable increase Income Statement Balance Sheet $111,000 (73,000) (12,000) (8,000) 18,000 $3,500 2,200 925
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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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