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How to find the net earnings of the companies? Show your calculations please!!! How to find the net earnings of the companies? Show your calculations
How to find the net earnings of the companies? Show your calculations please!!!
How to find the net earnings of the companies? Show your calculations please!!!
) 100% 12,176 74 11:32:48 Q Understanding Financial Accounting and Canadian - Christopher D. Burnley.pdf (H 323/844) et Understanding Financial Accountin... Application Problems Set B 5-5 20 40.000 80,000 322 APS-4B (Cash flow from operations) The following is financial information for three companies. Kotei & Sons Ltd. Sask Co. Movilla Ltd. Sales revenue $453.000 $790.000 $960,000 Cost of goods sold 235.000 420.000 550,000 Depreciation expense 70.000 Other operating expenses 50,000 60.000 70,000 Interest expense 15,000 20,000 35,000 Gain (loss) on sale of equipment 9,000 (15,000) (14,000) Dividends paid 6,000 10,000 12,000 Increasel(Decrease) in Accounts receivable 14,000 (16,000) 15,000 Inventory (20,000) 25,000 (30,000) Prepaid expenses 1,000 (2,400) (2,600) Property, plant, and equipment 220,000 (70,000) 150,000 Accounts payable (8,000) 12,000 (8,000) Interest payable (8,000) 5.000 Bonds payable (20,000) 50,000 60.000 Common shares 70,000 (10,000) 120,000 Required For cach of the above companics, calculate the cash flow from operations using the indirect method. EN 3,000 323 17 Au S W P RStep by Step Solution
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