Kelp Soda Co. sells craft soft drinks. They use the indirect method for its statement of...
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Kelp Soda Co. sells craft soft drinks. They use the indirect method for its statement of cash flows. The general format of the operating section is as follows: Net Income +(-) adjustments Cash from operations XXXX XX XXX determine the correct adjustments for each of the following: -750 -500 +950 A $750 increase in accounts receivable A $500 decrease in unearned revenue Stock based compensation of $950 Kelp Soda Co. sells craft soft drinks. They use the indirect method for its statement of cash flows. The general format of the operating section is as follows: Net Income +(-) adjustments Cash from operations XXXX XX XXX determine the correct adjustments for each of the following: -750 -500 +950 A $750 increase in accounts receivable A $500 decrease in unearned revenue Stock based compensation of $950
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Related Book For
Using Financial Accounting Information The Alternative to Debits and Credits
ISBN: 978-1133161646
7th Edition
Authors: Gary A. Porter, Curtis L. Norton
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