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Mamont248 [21]
4 years ago
4

Baker Co. began its operations during the current year.

Business
1 answer:
zhuklara [117]4 years ago
7 0

Answer:

a. $20,000

Explanation:

The preparation of the Cash Flows from Operating Activities—Indirect Method is presented below:

Cash flow from Operating activities - Indirect method

Net income $78,000

Adjustment made:

Less: Increase in accounts receivable -$82,000

Add: Increase in accounts payable $24,000

Total of Adjustments -$58,000

Net Cash flow provided by Operating activities $20,000

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3 years ago
ou are the loan department supervisor for the Pacific National Bank. The following installment loan is being paid off early, and
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