Anakin, Inc. provides the following account balances for 2002 and 2001 Using the format presented in the

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Anakin, Inc. provides the following account balances for 2002 and 2001

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Using the format presented in the chapter, prepare the operating activities section of the statement of cash flows and present that information using

(a) the direct method and

(b) the indirect method.

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Intermediate Accounting

ISBN: 9780324013078

14th Edition

Authors: Fred Skousen, James Stice, Earl Kay Stice

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Question Posted: May 23, 2024 02:02 AM

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Anakin, Inc. provides the following account balances for 2002 and 2001 Using the format presented in the

Question:

-76-) Accounts Receivable leventory Accounts Payable. Salaries Payable Sales Cost of Goods Sold Depreciation Expense Salaries Expense Other Expenses Dec. 31, 2002 $ 18,700 25,440 21,650 1,500 278,700 197,000 16,700 35,200 24,300 Dec. 31, 2001 $15,500 35. 27,200 22,400 750 +35015

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Intermediate Accounting

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