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could you please show all the step by step? Problem #1: Operating section of cash flow statement (15 points) The data below are taken from
could you please show all the step by step?
Problem #1: Operating section of cash flow statement (15 points) The data below are taken from the financial statements of the Rutherford Corporation: Income Statement: 2009 Net income $840,000 Depreciation expense 170,000 Amortization of patent 30,000 Gain on sale of equipment 110.000 Balance Sheet: 12/31 09 12/3108 Accounts receivable Inventory Prepaid expenses Accounts payable Accrued expenses payable $710,000 840,000 30,000 660,000 430,000 $680,000 800,000 35,000 630,000 440,000 Prepare the operating section of the cash flow statement using the above information Problem #1: Operating section of cash flow statement (15 points) ta below are taken from the financial statements of the Rutherford Corporation Income Statement: Net income Depreciation expense Amortization of patent Gain on sale of equipment 2000 $840,000 170,000 30,000 110,000 Balance Sheet: 12/31 09 12/31 08 Accounts receivable Inventory Prepaid expenses Accounts payable Accrued expenses payable $710.000 840,000 30,000 660,000 430,000 $680,000 800,000 35,000 630,000 440.000 Prepare the operating section of the cash flow statement using the above information Step by Step Solution
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