Swift corporation had the following 2025 income statement. Sales revenue $214000. Cost of goods sold $126000. Gross
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Question:
Swift corporation had the following 2025 income statement.
Sales revenue $214000.
Cost of goods sold $126000.
Gross profit $88000
Operating Expenses(includes depreciation of $23000) $50000
Net income $38000
The following account increased during 2025:
Accounts Receivable $11000,
Inventory $9000,
Accounts Payable $12000.
Prepare the cash flows from operating activities section of Swifty's 2025 statement of cash flow using the indirect method.
Related Book For
Intermediate Accounting
ISBN: 9781119790976
18th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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