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Chapter 13 Checkpoint Problem #1 The financial statements for Bryant Company included the following information on December 31, 2018: D. Vader Company Income Statement For
Chapter 13 Checkpoint Problem #1 The financial statements for Bryant Company included the following information on December 31, 2018: D. Vader Company Income Statement For Year Ending on 12/31/18 Sales 85,600 Cost of Goods Sold 34.240 51.360 Gross Profit operating Expenses: 2,700 Insurance 18.200 Salaries 800 Depreciation Rent 12.000 Utilities 6.300 40,000 Total Operating Expenses Operating Income 11.360 Interest Expense 1.400 9,960 Income Before Taxes 3.200 Income Tax Expense Net Income 6.760 REQUIRED: Using the attached T-accounts, compute the cash flows from operating activities using the A. direct method B. indirect method
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