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inventory is 300000 Question 12 of 13 MUNSUN COMPANY Partial Statement of Cash Flows cash payments: $ eTextbook and Media Save for Later Attempts: 0
inventory is 300000
Question 12 of 13 MUNSUN COMPANY Partial Statement of Cash Flows cash payments: $ eTextbook and Media Save for Later Attempts: 0 of 3 used Additional information: 1. Accounts receivable decreased $380,000 during the year, and inventory decreased $300, 2. Prepaid expenses increased $150,000 during the year. 3. Accounts payable to suppliers of inventory decreased $350,000 during the year. 4. Accrued expenses payable decreased $100,000 during the year. 5. Administrative expenses include depreciation expense of $110,000. Prepare the operating activities section of the statement of cash flows using the direct method. (Sho with either a - sign e.g. 15,000 or in parenthesis e.g. (15,000).)Step by Step Solution
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