Question
E 16-4 p. 777 Featherstone Inc. reported the following data: Net income $296,000 Depreciation expense 113,100 Gain on disposal of equipment 58,200 Decrease in accounts
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E 16-4 p. 777 Featherstone Inc. reported the following data:
Net income $296,000 Depreciation expense 113,100 Gain on disposal of equipment 58,200 Decrease in accounts receivable 71,300 Decrease in accounts payable 27,100 -
Prepare the Cash Flows from (used for) Operating Activities section of the statement of cash flows, using the indirect method.
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Management Accounting A Business Planning Approach
Authors: Noah P. Barsky, Jr. Anthony H. Catanach
2nd Edition
1516506286, 978-1516506286
