Wansley, Inc., had the following positive and negative cash flows during the current year: Determine the amount
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Wansley, Inc., had the following positive and negative cash flows during the current year:
Determine the amount of cash provided by or used for operating activities by the direct method.
Transcribed Image Text:
Positive cash flows: Received from customers Interest and dividends. Sale of plant assets... Negative cash flows: Paid to suppliers and employees.. Purchase of investments... Purchase of treasury stock $ 270,000 50,000 360,000 $127,000 45,000 40,000
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Related Book For
Financial And Managerial Accounting The Basis For Business Decisions
ISBN: 9781264445240
20th Edition
Authors: Jan Williams, Susan Haka, Mark Bettner
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