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I am not 100% sure I captured this correctly can someone please verify. The follcming income statement and information about changes in noncash current assets
I am not 100% sure I captured this correctly can someone please verify.
The follcming income statement and information about changes in noncash current assets aru current liabilities are repored. $267 , 698 Adjtmnts to souAD Ccepmrr' Income Statement For Year Ended December Sales Cost of goods sold Gross profit Operating expenses Salaries expense Depreciation expense Rent expense Amortization expensespatents Utilities expense Gain on sale of equipment Net income 20.7 46,896 52, 758 5,862 21, 494 957 46b 996,540 394, 601,832 7,816 609,648 Changes in current asset and current liabirlty accounts for the year that rebate to cperations follow. Accounts receivable Inventory Requlred: 545,653 increase 29,475 increase Accounts payable Salaries payable S13,6 decrease 2,800 decrease Prepare ony the cash flmvs from operating activities section of the statement of cash fmvs using the indirect method (Amounts to be deducted should be Indicated with e mlnus slen.) lows ctOiti s eog.648 to net by opaEng utivities e item not a ffting ChangE in opeating and liabi&s payable s"ries 45.650 2g.475 13.600 2.800 701.173
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