Use the following income statement and information about changes in noncash current assets and cur rent liabilities

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Use the following income statement and information about changes in noncash current assets and cur¬

rent liabilities to prepare only the cash flows from operating activities section of the statement of cash flows using the indirect method:

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Changes in current asset and current liability accounts for the year that relate to operations follow:

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Financial Accounting Information For Decisions

ISBN: 9780072974720

3rd Edition

Authors: John J Wild

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Use the following income statement and information about changes in noncash current assets and cur rent liabilities

Question:

Sales BECKHAM COMPANY Income Statement For Year Ended December 31, 2005 Cost of goods sold Gross profit $1,818,000 891,000 927,000

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Financial Accounting Information For Decisions

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