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The accounting records of EZ Company provided the data below. Net income $ 58,000 Increase in Prepaid Insurance 4,000 Decrease in Prepaid Rent 2,000 Increase
The accounting records of EZ Company provided the data below. |
Net income | $ | 58,000 | |
Increase in Prepaid Insurance | 4,000 | ||
Decrease in Prepaid Rent | 2,000 | ||
Increase in Accumulated Depreciation | 40,000 | ||
Decrease in Accounts Receivable | 26,000 | ||
Decrease in Accounts Payable | 500 | ||
Decrease in Deferred Revenue | 5,500 | ||
Increase in Inventory | 27,000 | ||
Increase in Salaries Payable | 2,000 | ||
Prepare a reconciliation of net income to net cash flows from operating activities. |
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Net income Decrease in accounts receivable BMCTCG 1 TUM 40r4. Increase in Prepaid indurance Decrease prepaid rent Increase in accumulated deprecian Decrease in deze cred revenue Increase in salaries payable Decrease in accounts Payable 2,000 40,000 (5,600) $91.000Step by Step Solution
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