Use the following income statement and information about changes in non-cash current assets and current liabilities to
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Changes in current asset and current liability accounts during the year were as follows:
Accounts receivable......................................... $135 decrease
Inventory ......................................................... 54 increases
Prepaid insurance ............................................. 6 increase
Accounts payable ............................................. 30 increase
Accrued liabilities ............................................. 15decrease
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Related Book For
Fundamental Accounting Principles Volume II
ISBN: 978-1259066511
14th Canadian Edition
Authors: Larson Kermit, Jensen Tilly
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