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Q.9 Prepare a cash flow statement using the indirect method based on the following information: - Net Income: $150,000 - Depreciation Expense: $20,000 -
Q.9 Prepare a cash flow statement using the indirect method based on the following information: - Net Income: $150,000 - Depreciation Expense: $20,000 - Increase in Accounts Receivable: $10,000 -Decrease in Inventory: $5,000 - Increase in Accounts Payable: $8,000 - Purchase of Equipment: $30,000 - Sale of Investments: $15,000 - Payment of Dividends: $25,000 Q.10 Discuss the ethical considerations involved in revenue recognition practices, particularly in industries with long-term contracts, and provide examples of potential issues that may arise.
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Question 9 To prepare a cash flow statement using the indirect method follow these steps 1 Start with Net Income Net Income 150000 2 Adjust for noncash expenses add back depreciation Depreciation Expe...Get Instant Access to Expert-Tailored Solutions
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