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Determine the Cash flows from Operating Activities for the fiscal year ended 12/31/19 for the Inn. What is your answer? Description The Inn The Resort

Determine the Cash flows from Operating Activities for the fiscal year ended 12/31/19 for the Inn. What is your answer?

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Description The Inn The Resort Net Change 2018-2019 Net Change 2018-2019 Cash $16,000) Marketable Securities (long-term) $50,000 Accounts Receivable $50,000 ($24,000) Inventory ($20,000) $12,000 Prepaid Expenses $2,000 ($4,000) Accounts Payable $10,000 ($6,000 Accrued Payroll ($2,000) $4,000 Income Taxes Payable $6,000 ($12,000) Dividends Payable ($12,000) ($20,000 Net Income $190,000 $230,000 Depreciation $210,000 $150,000 Amortization expense $50,000 $30,000 Notes: Long Term Marketable Securities Cost $75,000 $65,000 Sold For $65,000 $85,000 Long Term investments Cost $400,000 $425,000 Sold For $395,000 $480,000 Equipment Cost $250,000 $300,000 Acc. Depreciation $125,000 $165,000 Sold For $130,000 $105,000

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