The records of McKnight Color Engraving reveal the following: Requirements 1. Compute cash flows from operating activities

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The records of McKnight Color Engraving reveal the following:

Net income Sales revenue Loss on sale of land Acquisition of land $ 38,000 Depreciation 51,000 Decrease in current liabi

Requirements
1. Compute cash flows from operating activities by the indirect method.
2. Evaluate the operating cash flow of McKnight Color Engraving. Give the reason for yourevaluation.

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Financial and Managerial Accounting

ISBN: 978-0132497978

3rd Edition

Authors: Horngren, Harrison, Oliver

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Question Posted: Dec 16, 2011 05:20 AM

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The records of McKnight Color Engraving reveal the following: Requirements 1. Compute cash flows from operating activities

Question:

Net income Sales revenue Loss on sale of land Acquisition of land $ 38,000 Depreciation 51,000 Decrease in current liabilitics 5,000 Increasc in current assets other than cash $ 4,000 28,000 39,000 14,000

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Financial and Managerial Accounting

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