Watson Corporation's statement of financial position data for current assets and liabili- ties were as follows: Adjust

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Watson Corporation's statement of financial position data for current assets and liabili- ties were as follows:

Dec. 31, 2015 Dec. 31, 2014 Accounts receivable Inventories Accounts payable $30,000 58.000 46.000 14.000 $24.000 49.500

Adjust net income of $320,000 for changes in operating assets and liabilities to arrive at net cash flow from operating activities using the indirect method.

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Accounting Volume 2

ISBN: 978-0176509743

2nd Canadian edition

Authors: James Reeve, Jonathan Duchac, Sheila Elworthy, Carl S. Warren

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Question Posted: Dec 15, 2017 08:34 AM

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Watson Corporation's statement of financial position data for current assets and liabili- ties were as follows: Adjust

Question:

Dec. 31, 2015 Dec. 31, 2014 Accounts receivable Inventories Accounts payable $30,000 58.000 46.000 14.000 $24.000 49.500 34.500 18,000 Dividends payable

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Net income 320000 Adjustments to reconcile net income to net cash flow from operating ...View the full answer

Accounting Volume 2

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