Using the data from Classroom Demonstration Exercise 2 plus the additional information in Figure 16-15, compute net

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Using the data from Classroom Demonstration Exercise 2 plus the additional information in Figure 16-15, compute net cash flows from operating activities using the direct method.

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College Accounting A Practical Approach

ISBN: 978-0132564441

11th Canadian Edition

Authors: Jeffrey Slater, Brian Zwicker

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Question Posted: Feb 23, 2016 06:17 AM

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Using the data from Classroom Demonstration Exercise 2 plus the additional information in Figure 16-15, compute net

Question:

Sales Cost of Goods Sold Gross Proft 8o00 o0 240000 560000 Expenses: $50000 220000 70000 300 00 Amortization Expense Salaries Expense Insurance Expense Miscellaneous Expense Total Expenses Net Income 3700 $ 190000

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