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Kimmel, Financial Accounting, 7e FINANCIAL ACCOUNTING 111 (ACCT 203) Exercise 12-4 Cosi Company reported net income of $198,980 for 2014. Cosi also reported depreciation expense

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Kimmel, Financial Accounting, 7e FINANCIAL ACCOUNTING 111 (ACCT 203) Exercise 12-4 Cosi Company reported net income of $198,980 for 2014. Cosi also reported depreciation expense of $36,710 and a loss of s6,960 on the disposal of plant assets The comparative balance sheet shows an increase in accounts receivable of $14,150 for the year, a $17,690 increase in accounts payable, and a $5,410 increase in prepaid expenses Prepare the operating activities section of the statement of cash flows for 2014. Use the indirect method. (Show amounts that decrease cash fiow with either a -sign e.g. -15,000 or in parenthess e.g. For the Year Ended December 31, 2014 Adjustments to reconcile net income to LINK TO TEXT Question Attempts: 0 of S used SAVE POR IATERSUSRIT ARSWER 0050 o e

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