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Can you all show me the step by step work to calculate and get the dollar amounts for Cash received from customers, Cash payments to
Can you all show me the step by step work to calculate and get the dollar amounts for Cash received from customers, Cash payments to suppliers, and Cash flows from operating activities using the financial and qualitative information found in the above word problem, please? This way, I can understand what you all did to get the correct answer to part a, b, and c.
Power Corporation owns 75 percent of Surge Company's stock: no intercompany purchases or sales were made in 2004. For the year. Power and Surge reported sales of $360,000 and $250,000 and cost of goods sold of $160,000 and $118,750, respectively, Power's inventory increased by $31,000, but Surge's decreased by $14,000. Power's accounts receivable increased by $20,000 and its accounts payable decreased by $10,000 during 20X4. Surge's accounts receivable decreased by $9,000 and its accounts payable increased by $5,000 a. Cash received from customers b. Cash payments to suppliers Cash flows from operating activities CStep by Step Solution
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