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Current Attempt in Progress The following is financial information for three companies: (List items that increase cash flow first.) ABC Inc. NuVu Ltd. $375,000 227,000
Current Attempt in Progress The following is financial information for three companies: (List items that increase cash flow first.) ABC Inc. NuVu Ltd. $375,000 227,000 65,000 7,000 3,000 18,000 7,000 $578,000 330,000 95,000 18,000 1,000 35,000 5,000 Akhtar Ltd. $931,000 649,000 112,000 28,000 2,000 45,000 25,000 Sales revenue Cost of goods sold Selling and administrative expenses Depreciation expense Interest expense Income tax expense Dividends paid Increase/Decrease) in Accounts receivable Inventory Property, plant, and equipment Accounts payable Interest payable Income tax payable Mortgage payable Common shares (2,500) 5,700 50,000 4,200 (2,600) 2,500 20,000 30,000 6,000 (8,000) (10,000) (7,400) 1,400 (1,500) (40,000) (5,000) (9,000) 14,000 60,000 4,200 (500) 6,500 10,000 (80,000) For each of the above companies, calculate the cash flow from operations using the indirect method. Decrease in Accounts Payable Decrease in Accounts Receivable Decrease in Income Tax Payable Decrease in Interest Payable Decrease in Inventories Depreciation Expense Increase in Accounts Payable Increase in Accounts Receivable Increase in Income Tax Payable Increase in Interest Payable Increase in Inventories Net Income /(Loss) Cash Flow from Operations NuVu Ltd. ABC Inc. Akhtar Ltd. $ $ Add Less Cash Flow from Operations $
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