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Company A uses the indirect method to prepare the statement of cash flows. The following select information was extracted from the company's records: Gain on
Company A uses the indirect method to prepare the statement of cash flows. The following select information was extracted from the company's records: Gain on sale of long term assets $4,000 Depreciation expense $12,000 Net income $49,000 Change in current assets (exclusive of cash) Decrease of $24,000 Change in current liabilities Increase of $1,000.
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Cornerstones of Financial and Managerial Accounting
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
2nd edition
978-0538473484, 538473487, 978-1111879044
