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I JUST NEED C. DO I INCLUDE THE 14,600 OR NOT. The following are independent questions regarding the statement of cash flows under the direct
I JUST NEED C. DO I INCLUDE THE 14,600 OR NOT.
The following are independent questions regarding the statement of cash flows under the direct method: a. Sales $140,000; accounts payable $25,000 decrease; accounts receivable $35,000 increase. Compute cash received from customers b. Cost of goods sold $47,000; inventory increased $16,000; accounts payable decreased $9,000. Compute cash paid to suppliers.me c. Tax expense was $58,000; short-term tax payable decreased by $5,200; long-term deferred tax payable increased by $14,600. Compute cash paid for taxesStep by Step Solution
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