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Prepare a cash flow statement for XYZ Corporation using the following information: Net Income: $100,000 Depreciation Expense: $20,000 Increase in Accounts Receivable: $10,000 Decrease in
Prepare a cash flow statement for XYZ Corporation using the following information:
- Net Income: $100,000
- Depreciation Expense: $20,000
- Increase in Accounts Receivable: $10,000
- Decrease in Accounts Payable: $5,000
- Purchase of Equipment: $50,000
- Sale of Investments: $30,000
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Using Financial Accounting Information The Alternative to Debits and Credits
Authors: Gary A. Porter, Curtis L. Norton
8th edition
1111534918, 978-1111534912
