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Kobotan [32]
3 years ago
11

Cash Flows from Operating Activities—Indirect Method The net income reported on the income statement for the current year was $1

23,700. Depreciation recorded on store equipment for the year amounted to $20,400. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: End of Year Beginning of Year Cash $49,730 $45,750 Accounts receivable (net) 35,660 33,810 Merchandise inventory 48,690 51,470 Prepaid expenses 5,470 4,350 Accounts payable (merchandise creditors) 46,600 43,280 Wages payable 25,460 28,270 a. Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments.
Business
1 answer:
KiRa [710]3 years ago
8 0

Answer:

Explanation:

26262

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= the IS curve shifts right and the

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5 0
2 years ago
Max Staxx borrowed $2,000 on a 10%, 120 day note. After 45 days, Max paid $700 on the note. Thirty days later, Max paid an addit
allsm [11]

$670 is the final balance due that max wants to pay.                                                                                  

<u>Explanation</u>:

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6 0
3 years ago
A fee that covers the cost of ensuring that the home belongs to the seller, and may also include title insurance, which protects
Aleks [24]

C. Title Fee

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8 0
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7 0
2 years ago
Which of the following statements is correct?
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d

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