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6 of 15 ( complete) Score: 0 of 1 pt B Question He Starter 17-13 (book/static) Apple Distillery Inc. accountants have assembled the following data
6 of 15 ( complete) Score: 0 of 1 pt B Question He Starter 17-13 (book/static) Apple Distillery Inc. accountants have assembled the following data for the year ended June 30, 2020. (Click the icon to view the data.) Prepare Apple Distillery Inc.'s cash flow statement for the year ended June 30, 2020. Apple uses the indirect method for operating activities, (Use parentheses or a minus sign for amounts to be subtracted or for net cash outflows.) Data Payment of dividends Cash receipt from issuance of $ 100,000 80.000 Apple Distillery Inc. Cash Flow Statement For the Year Ended June 30, 2020 Cash flows from operating activities Net income Add (subtract) items that affect net income and cash flow differently: Amortization expense Increase in current assets other than cash 10,000 $ 12,000 Net income Purchase of equipment 40,000 Decrease in current liabilities Payment of note payable 60,000 Cash receipt from sale of land common shares 60,000 Increase in current assets other than cash Repurchase of Apple Distillery shares 120,000 40,000 10,000 Amortization expense.. Print Done Decrease in rent liabilities Net cash inflow (outflow) from operating activities and then click Check
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