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*** RED BOX ARE INCORRECT AND NEED CORRECT ANSWER Cosi Company reported net income of $192, 350 for 2014. Cosi also reported depreciation expense of
*** RED BOX ARE INCORRECT AND NEED CORRECT ANSWER
Cosi Company reported net income of $192, 350 for 2014. Cosi also reported depreciation expense of $37, 300 and a loss of $6, 050 on the disposal of plant assets. The comparative balance sheet shows an increase in accounts receivable of $16, 840 for the year, a $17, 510 increase in accounts payable, and a $4, 110 increase in prepaid expenses. Prepare the operating activities section of the statement of cash flows for 2014. Use the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)Step by Step Solution
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