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Macon Grocery has following information. Indentify the cash flows from operating activities base on this information. Net income $50,000 Depreciation Expense $5,000 Increase in accounts
Macon Grocery has following information. Indentify the cash flows from operating activities base on this information.
Net income $50,000
Depreciation Expense $5,000
Increase in accounts receivable $2,000
Decrease in Invetory $5,500
Increase in accounts payable $3,500
Loss on sale of refeigeration equipment $4,000
A $58,000
B $66,000
C $55,000
D $59,000
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Current Issues In Auditing
Authors: Michael J Sherer, W Stuart Turley
3rd Edition
1853963658, 978-1853963650
