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IC LUNDHOLM COMPANY Statement of Cash Flows Operating activities: Net incomes 840.00 Adjustments: Depreciation 225.00 Increase in accounts receivable (450.00) Decrease in inventory 900.00 Increase
| IC | ||
| LUNDHOLM COMPANY | ||
| Statement of Cash Flows | ||
| Operating activities: | ||
| Net incomes | 840.00 | |
| Adjustments: | ||
| Depreciation | 225.00 | |
| Increase in accounts receivable | (450.00) | |
| Decrease in inventory | 900.00 | |
| Increase in prepaid rent | (600.00) | |
| Increase in accounts payable | 150.00 | |
| Decrease in salaries and wages payable | (45.00) | |
| Increase in taxes payable | 561.00 | |
| Total adjustments | 741.00 | |
| Cash flows from operating activities | 1,581.00 | |
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Financial Accounting
Authors: Robert F. Meigs, Jan R. Williams, Mark S. Bettner, Susan F. Haka, Sue Haka
11th Edition
0072516682, 978-0072516685
