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please solve it fast The following comparative statement of financial position for Dubal Co. Isglven for the financial periods 2019 and 2020: 2020 2019 PPE
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The following comparative statement of financial position for Dubal Co. Isglven for the financial periods 2019 and 2020: 2020 2019 PPE $430,000 $395,000 Accumulated depreciation of PPE (160.000) (135,000) Copyrights 50,000 58.000 Receivables 16.000 10,000 inventory 80,000 70,000 Prepaid expenses 63,000 49,000 Cash 172.000 71.000 $661.000 $518.000 Capital preferred shares Premium on preferred shares Common stock Retoined earnings Bond payable Accounts payable Accrued liabilities 23 000 160,000 56,000 34,000 $42.000 150,000 66,000 40,000 87,000 60,000 210.000 $581,000 45,000 200.000 $518,000 The Incomie statement for 2020 is as follows Net sales $760,000 Cost of goods sold 473.000 Cross pront 249,000 Operating expenses 210.000 Not incomo $22.000 Required Compuro the following using the Direct Mothod (Show your calculation), 1. How much is the cash received from customers? 2. How much is the cash paid to suppliers? 3. How much is the operating expenses paid For the toolbar, press. ALT+F10 (PC) or ALTEN.F10 (Mac) Step by Step Solution
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