The accounting records of Fuzzy Dice Auto Parts reveal the following: Compute cash flows from operating activities

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The accounting records of Fuzzy Dice Auto Parts reveal the following:

Compute cash flows from operating activities using the direct method for the year ended December 31, 2014.

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Horngrens Financial and Managerial Accounting

ISBN: 978-0133255584

4th Edition

Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura

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Question Posted: Jan 16, 2015 10:29 AM

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The accounting records of Fuzzy Dice Auto Parts reveal the following: Compute cash flows from operating activities

Question:

Payment of salaries and wages Depreciation expense Payment of interest Payment of dividends Collections from customers 21,000 11,000 6,000 54,000 31,000Net income 13,000 Payment of income tax 16,000 Colection of dividend revenue 6,000 Payment to suppliers 117,000

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Horngrens Financial and Managerial Accounting

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