The data given below are from the accounting records of the Kuhn Corporation: Net Income (accrual...
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The data given below are from the accounting records of the Kuhn Corporation: Net Income (accrual basis) Depreciation Experise Decrease in Accounts Payable Decrease in Inventory Increase in Bonds Payable Sale of Common Stock for cash $ 60,000 $ 16,500 $ 3250 $ 3750 $ 17,500 $ 31,500 Increase in Accounts Receivable $ 3,000 Based on this information, the net cash provided by (used in) operating activities using the indirect method would be: The data given below are from the accounting records of the Kuhn Corporation: Net Income (accrual basis) Depreciation Experise Decrease in Accounts Payable Decrease in Inventory Increase in Bonds Payable Sale of Common Stock for cash $ 60,000 $ 16,500 $ 3250 $ 3750 $ 17,500 $ 31,500 Increase in Accounts Receivable $ 3,000 Based on this information, the net cash provided by (used in) operating activities using the indirect method would be:
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Related Book For
Intermediate Accounting
ISBN: 978-0470161012
9th Canadian Edition, Volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.
Posted Date:
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