Using the data from Concept Check 2 plus the additional information in Figure 21.11 , compute net
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Using the data from Concept Check 2 plus the additional information in Figure 21.11 , compute net cash flows from operating activities using the direct method.
Income Statement
Transcribed Image Text:
$8400 00 229000 $6110 00 Sales Cost of Goods Sold Gross Profit Expenses: $ 63000 225000 50000 Depreciation Expense Salaries Expense Insurance Expense Miscellaneous Expense 28000 366 0 00 $2 45000 Total Expenses Net Income
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Related Book For
College Accounting A Practical Approach
ISBN: 9780134729312
14th Edition
Authors: Jeffrey Slater, Mike Deschamps
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