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I am so confused as to how to even go about this problem. Could someone show steps to get to answers. Statement of Cash Flows
I am so confused as to how to even go about this problem. Could someone show steps to get to answers.
Statement of Cash Flows (Indirect Method) The Rural Company's income statement and comparative balance sheets as of December 31 of 2016 and 2015 are shown below: RURAL COMPANY Income Statement For the Year Ended December 31, 2016 Sales Revenue Cost of Goods Sold $376,000 Wages Expense Depreciation Expense 22,000 Rent Expense Income Tax Expense 31,000 564,000 Net Income $645,000 107,000 28,000 $81,000Step by Step Solution
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