Salud Company reports the following information. Use the indirect method to prepare only the operating activities section
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Selected 2015 Income Statement Data Selected Year-End 2015 Balance Sheet Data Net income $400,000 Accounts receivable increase. 80,000 Prepaid expenses decrease. $40,000 12,000 Depreciation expense . in on sale of machinery.. Wages payable decrease. 2,000
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Cash flows from operating activities Net income 400000 Adjustments to reconcile net income to ...View the full answer
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0077862275
22nd edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta
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