Snowe Co.'s current asset and liability balances for the past two years are as follows. Net income
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Using the indirect method, prepare the cash flows provided by operating activities section of the statement of cash flows for2014.
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December 31, 2014 December 31, 2013 Accounts Receivable Inventories Accounts Payable Accrued Liabilities $450,000 670,000 287,000 140,000 $380,000 730,000 326,000 110,000
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Cash flows from operating activities Net income 1208000 Adjustme...View the full answer
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