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ifrs Question 1:(marks) Jedi Company reported net income of $160,000 for the current year Balances of various accounts at the beginning and end of the
ifrs
Question 1:(marks) Jedi Company reported net income of $160,000 for the current year Balances of various accounts at the beginning and end of the year me as follows End of Year Beginning of Year Prepaid expenses $9,500 $5,000 Inventories 55,000 65,000 Retained Earnings 28,000 22,000 Accounts receivable 24,000 32,000 Cash 20,000 15.000 Accounts payable 12,000 18,000 Salaries payable 1.600 1,200 Proceeds from shares issuance 63.000 50.000 Accumulated Depreciation 110,000 30,000 Instructions: Prepare only the cash flows from the operating activities section of the statement of cash flows Step by Step Solution
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