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The areas with green borders are correct and the blank areas that are red are incorrect. As you can see I have the answer partially
The areas with green borders are correct and the blank areas that are red are incorrect. As you can see I have the answer partially correct and what I was wondering is what the answers would be to the red areas. I have included below a screenshot of the chart of accounts. Thank you.
Net income 1,140,000 $1,920,000 Additional information: No in Accounts receivable decreased $330,000 during the year. Prepaid expenses increased $160,000 during the year. Accounts payable to suppliers of merchandise decreased $280,000 during the year. Accrued expenses payable decreased $120,000 during the year. Administrative expenses include depreciation expense of $60,000. Prepare the operating activities section of the statement of cash flows for the year ended December 31, 2020 using the indirect method. (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis PINA COMPANY Statement of Cash Flows (Partial) For the Year Ended December 31, 2020 Cash Flows from Operating Activities Net Income $ 1920000 Adjustments to reconcile net income toStep by Step Solution
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