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The accounting records of Star, Inc., reveal: | (Click the icon to view the data.) Requirements 1. Compute cash flows from operating activities using
The accounting records of Star, 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 Star, Inc. Give the reason(s) for your evaluation. ... Net income Adjustments to reconcile net income to net cash provided by (used for) operating activities: Net cash provided by (used for) operating activities Requirement 1. Compute cash flows from operating activities using the indirect method. (Use parentheses or a minus sign for numbers to be subtracted.) Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash provided by (used for) operating activities: Data table Net income.. Depreciation expense. . Sales revenue..... Decrease in current liabilities. $ 35,000 7,000 18,000 21,000 Loss on sale of land . . . . . 10,000 Increase in current assets other than Cash.. 21,000 Acquisition of land. 39,000 Print Done
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