Question
1) Assume the following facts: Net Income is 100,000, Unrealized Loss 16,000, Cash dividends declared is 9,000, Depreciation expense 10,000, Rent expense is 4,000, Account
| 1) Assume the following facts: |
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| Net Income is 100,000, Unrealized Loss 16,000, Cash dividends declared is 9,000, Depreciation expense | ||||||||||
| 10,000, Rent expense is 4,000, Account receivable went down (3,000) and accounts payable went up |
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| 40,000, what is the affect on statement of cash flow from financing?
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Intermediate Accounting Reporting and Analysis
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
2nd edition
9781305727557, 1285453824, 9781337116619, 130572755X, 978-1285453828
