Use the data in Short Exercise S16-5 to complete this exercise. Prepare Smart Cellular's statement of cash
Question:
In Short Exercise S16-5
Smart Cellular accountants have assembled the following data for the year ended April 30, 2016:
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26,000 Net income Cash receipt from sale of land Depreciation expense Cash payment of dividends Cash receipt from issuance of common stock 62,000 36,000 18,000 5,000 ncrease in current assets other than cash 26,000 4,000 5,600 Cash purchase of equipment Decrease in current liabilities
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SMART CELLULAR Statement of Cash Flows Year Ended April 30 2016 Cash Flows fro...View the full answer
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Related Book For
Horngrens Accounting
ISBN: 978-0133866889
11th edition
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
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