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Required information [The following information applies to the questions displayed below.] Suppose your company sells services for $465 cash this month. Your company also pays
Required information [The following information applies to the questions displayed below.] Suppose your company sells services for $465 cash this month. Your company also pays $310 in salaries and wages, which includes $155 that was payable at the end of the previous month and $155 for salaries and wages of this month. 2. Calculate the amount that should be reported as net cash flow from operating activities. 3. Calculate the amount that should be reported as net income. 4. Show how the indirect method would convert net income (requirement 3) to net cash flow from operating activities (requirement 2). Required 2 Required 3 Required 4 Calculate the amount that should be reported as net cash activities. red 4 hat should be reported as net cash flow from operating Required Z Required Required T Calculate the amount that should be reported as net incor Net Income < Required 2 Required 4 > Required 2 Required 3 Required 4 Show how the indirect method would convert net inc to net cash flow from operating activities (requireme deducted should be indicated with a minus sign.) method would convert net income (requirement 3) operating activities (requirement 2). (Amounts to be dicated with a minus sign.) Show less A Net Income Decrease in Salaries and Wages Payable Net Cash Flow from Operating Activities < Required 3 Required 4 >
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