Question
The company presented the following in order to aid the accountant in preparing the CFS Compute for the cash generated in financing activities a. NET
The company presented the following in order to aid the accountant in preparing the CFS
Compute for the cash generated in financing activities
a. NET INCOME - 200,000
b. DEPRECIATION EXPENSE - 25,000
c. GAIN ON SALE OF PROPERTY & EQUIP - 100,000
d. DECREASE IN TRADE AND OTHER RECEIVABLES - 70,000
e. PURCHASE OF PROPERTY & EQUIP - 200,000
f. PAYMENT OF LOAN FROM BANK - 150,000
g. ENDING BALANCE OF CASH - 700,000
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Using Financial Accounting Information The Alternative to Debits and Credits
Authors: Gary A. Porter, Curtis L. Norton
7th Edition
978-0-538-4527, 0-538-45274-9, 978-1133161646
