Prepare operating activities section of cash flow statement using Indirect Method. Using the following information: Net income
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Question:
Prepare operating activities section of cash flow statement using Indirect Method.
Using the following information:
Net income 125,000,
Depreciation expense 33,000,
Loss on sale of equipment 2,000,
Increase in accounts receivable 42, 000,
Increase in inventory 54,000,
Decrease in prepaid expenses 2,000,
Decrease in accounts payable 7,000.
Related Book For
Intermediate Accounting
ISBN: 978-0176509736
10th Canadian Edition, Volume 1
Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,
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