The accounting records of Fence Up, Inc., reveal the following: Requirements 1. Compute cash flows from operating

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The accounting records of Fence Up, Inc., reveal the following: image text in transcribed

Requirements 1. Compute cash flows from operating activities by the direct method.
2. Evaluate the operating cash flow of Fence Up, Inc. Give the reason for your evaluation.

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Financial Accounting

ISBN: 9780136060482

1st Edition

Authors: Jeffrey Waybright, Robert Kemp

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Question Posted: May 13, 2024 05:02 AM

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The accounting records of Fence Up, Inc., reveal the following: Requirements 1. Compute cash flows from operating

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Net Income $ 64,000 Payment of Payment of income tax 20,000 salaries and wages. $30,000 Collection of Depreciation.......... 15,000 dividend revenue. 7,000 Payment of interest. 18,000 Payment to suppliers.. 36,000 Payment of Collections from customers... 113,000 dividends.... 7,000

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Financial Accounting

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