Prepare the operating activities section of the statement of cash flows using the direct method. Sales Cost
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Prepare the operating activities section of the statement of cash flows using the direct method.
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Sales Cost of goods sold Gross profit Operating expenses salaries expense Depreciation expense Rent expense Amortization expenses-Patents utilities expense Gain on sale of equipment Net income SONAD COMPANY Income Statement For Year Ended December 31 Accounts receivable Inventory $ 223,584 39,168 44,864 4,896 17,952 $ 1,632,000 799,680 832,320 $ 17,658 increase Accounts payable 19,475 increase salaries payable 329,664 582, 656 6,528 $ 509,184 $ 13,900 decrease 4,550 decrease Sales Cost of goods sold Gross profit Operating expenses salaries expense Depreciation expense Rent expense Amortization expenses-Patents utilities expense Gain on sale of equipment Net income SONAD COMPANY Income Statement For Year Ended December 31 Accounts receivable Inventory $ 223,584 39,168 44,864 4,896 17,952 $ 1,632,000 799,680 832,320 $ 17,658 increase Accounts payable 19,475 increase salaries payable 329,664 582, 656 6,528 $ 509,184 $ 13,900 decrease 4,550 decrease
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SONAD COMPANY Statement of Cash Flows Direct Method For Year Ended December 31 Ope... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0176509736
10th Canadian Edition, Volume 1
Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,
Posted Date:
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