Parra Company completed its income statement and balance sheet for 2014 and provided the following information: Required:

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Parra Company completed its income statement and balance sheet for 2014 and provided the following information:

Required:
Present the operating activities section of the statement of cash flows for Parra Company using the indirectmethod.

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Financial Accounting

ISBN: 978-0078025556

8th edition

Authors: Robert Libby, Patricia Libby, Daniel Short

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Question Posted: Jul 01, 2014 02:14 AM

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Parra Company completed its income statement and balance sheet for 2014 and provided the following information: Required:

Question:

Service revenue $125,000 Expenses: Salaries Depreciation Utilities Loss on sale of equipment 92,000 8,500 8.000 2,500 111,000 $ 14,000 2013 Net income Partial Balance Sheet 2014 $14,000 24,000 8,000 9,000 57,000 receivable Salaries payable Other accrued liabilities Land 19,000 7,000 52,000

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Financial Accounting

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