New Vision Company completed its income statement and balance sheet for 2010 and provided the following information:

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1. Present the operating activities section of the statement of cash flows for New Vision Com' pany using the indirect method.

2. Of the potential causes of differences between cash flow from operations and net income, which are the most important to financial analysts?

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Managerial Accounting

ISBN: 9780078110771

1st Edition

Authors: Stacey WhitecottonRobert LibbyRobert Libby, Patricia LibbyRobert Libby, Fred Phillips

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Question Posted: May 16, 2024 12:00 PM

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New Vision Company completed its income statement and balance sheet for 2010 and provided the following information:

Question:

Service Revenue Expenses: Salaries Depreciation Utilities Other Net Income $66,000 $42,000 7,300 7,000 1,700 58,000 $ 8,000 Decrease in Accounts Receivable $12,000 Bought a small service machine 5,000 Increase in Salaries Payable 9,000 Decrease in Other Accrued Liabilities 4,000

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Managerial Accounting

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