Question
Prepare the Cash Flow from Operations for ABC Company as of 12/31/x1. The following information related to 20x1 was provided. Then answer the questions pertaining
Prepare the Cash Flow from Operations for ABC Company as of 12/31/x1. The following information related to 20x1 was provided. Then answer the questions pertaining to the statement.
Net income = $151,000
A/R decreased by $13,000
A/P decreased by $9,500
Land was purchased for $110,000 cash
Dividends paid = $10,000
Depreciation expense = $44,000
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