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The accounting records of Sliding, Inc., reveal: (Click the icon to view the data.) Requirements 1. Compute cash flows from operating activities using the Indirect
The accounting records of Sliding, Inc., reveal: (Click the icon to view the data.) Requirements 1. Compute cash flows from operating activities using the Indirect method, 2. Evaluate the operating cash flow of Sliding, Inc. Give the reason(s) for your evaluation Requirement 1. Compute cash flows from operating activities using the indirect method. (Use parentheses or a minus sign for numbers to be subtracted.) i Data Table Net income....... Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash provided by (used for) operating activities: Depreciation expense....... Sales revenue Decrease in current liabilities.... 30,000 7,000 21,000 25,000 5,000 12,000 42,000 Loss on sale of land ......... Increase in current assets other than Cash...... Acquisition of land Net cash provided by (used for) operating activities Print Done Requirement 2. Evaluate the operating cash flow of Sliding, Inc. Give the reason(s) for your evaluation Operating cash flow is y, as shown by the operating activities Choose from any list or enter any number in the input fields and then continue to the next
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