(Appendix) In 20X3 Faldo Business earned net income of ($ 61000). Included in the calculation of net...
Question:
(Appendix) In 20X3 Faldo Business earned net income of \(\$ 61000\). Included in the calculation of net income was \(\$ 12500\) of depreciation expense. During the year the business had these changes in its current assets and current liabilities:
Required:
a Using the indirect method, prepare the cash flows from the operating activities section of Faldo's cash flow statement for 20X3.
b What does your answer to
(a) reveal compared with Faldo's net income?
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Related Book For 
Accounting Information For Business Decisions
ISBN: 9780170253703
2nd Edition
Authors: Billie Cunningham, Loren A. Nikolai, John Bazley, Marie Kavanagh, Geoff Slaughter, Sharelle Simmons
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