Question: Cash Flow from Operating Activities (Indirect Method) Cairo Company had a $24,000 net loss from operations. De year was $9,600, and a dividend of $5.000
Cash Flow from Operating Activities (Indirect Method) Cairo Company had a $24,000 net loss from operations. De year was $9,600, and a dividend of $5.000 was declared and paid. The balances of the current asset and current liability accounts at the beginning and end of the year are as follows: Method) Cairo Company had a $24.000 net loss from operations. Depreciation expense for the End Beginni Cash Accounts receivable 16,000 29,000 Inventory Prepaid expenses 6,000 9,000 Accounts payable 12,000 8,000 Accrued liabilities 6,000 7600 3,500 $7,000 50,000 53,000
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