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I need help with this question Following are the income statement and some additional information for Carolina Consulting Company. All sales were on credit and
I need help with this question
Following are the income statement and some additional information for Carolina Consulting Company. All sales were on credit and accounts recelvable decreased by $910 in 2024 compared to 2023 Merchandise purchases were on credit with a decrease in accounts payable of $710 during the year, Ending inventory was $510 larger than beginning inventory. Income taxes payable increased $310 during the year, All operating expenses were paid for in cash. Required: Prepare the cash flows from operating activities section of the statement of cash flows using the direct method. Note: Amounts to be deducted should be Indicoted with a minus sign Step by Step Solution
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