Question
E16-19 Computing operating activities cash flowindirect method The records of Vintage Color Engraving reveal the following: Net income $ 36,000 Depreciation expense $ 5,000 Sales
E16-19 Computing operating activities cash flowindirect method
The records of Vintage Color Engraving reveal the following: Net income $ 36,000 Depreciation expense $ 5,000 Sales revenue 53,000 Decrease in current liabilities 19,000 Loss on sale of land 4,000 Increase in current assets other than cash 10,000 Acquisition of land 35,000 Compute cash flows from operating activities by the indirect method for year ended December 31, 2018.
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
9781285586618
