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eBook Question Content Area ( Appendix 1 1 A ) Determining Net Cash Flow from Operating Activities Direct Method Presented below are selected balance sheet
eBook Question Content Area Appendix A Determining Net Cash Flow from Operating ActivitiesDirect Method Presented below are selected balance sheet information and the income statement for Burch Company. Selected Balance Sheet Information Jan. Dec. Cash $ $ Accounts receivable Inventory Accounts payable Income taxes payable Burch Company Income Statement For the year ended December Sales $ Cost of goods sold Depreciation expense Other expenses Income tax expense Net income $ Required: Compute the net cash flows from operating activities using the direct method. $fill in the blank
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Question Content Area
Appendix A Determining Net Cash Flow from Operating ActivitiesDirect Method
Presented below are selected balance sheet information and the income statement for Burch Company.
Selected Balance Sheet Information
Jan. Dec.
Cash $ $
Accounts receivable
Inventory
Accounts payable
Income taxes payable
Burch Company
Income Statement
For the year ended December
Sales $
Cost of goods sold
Depreciation expense
Other expenses
Income tax expense
Net income $
Required:
Compute the net cash flows from operating activities using the direct method.
$fill in the blank
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