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Solomon Electronics, Incorporated, recognized $ 8 , 0 0 0 of sales revenue on account and collected $ 4 , 9 0 0 of cash
Solomon Electronics, Incorporated, recognized $ of sales revenue on account and collected $ of cash from accounts receivable. Further, Solomon recognized $ of operating expenses on account and paid $ cash as partial settlement of accounts payable.
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a Prepare the operating activities section of the statement of cash flows under the direct method.
b Prepare the operating activities section of the statement of cash flows under the indirect method.
Complete this question by entering your answers in the tabs below.
Required A
Prepare the operating activities section of the statement of cash flows under the direct method.
Note: Cash outflows should be indicated with minus sign.
tableCash Flows from Operating Activities Direct MethodCash flows from operating activities:,Net cash flow from operating activities,
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