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The financial statements of Brady Corporation provide the following information for the current year: End of Year Beginning of year Accounts receivable 79,000 72,000 Inventory
The financial statements of Brady Corporation provide the following information for the current year:
End of Year | Beginning of year | |
Accounts receivable | 79,000 | 72,000 |
Inventory | 78,000 | 94,000 |
Prepaid Expenses | 4,000 | 3,000 |
Accounts Payable(for merchandise) | 47,000 | 44,000 |
Accrued Liabilities | 3,000 | 2,000 |
Net Sales | 850,000 | |
Cost of Goods Sold | 320,000 | |
Expenses | 260,000 |
Using this information, compute for the current year:
A. Cash received from customers
B. Cash payments for purchases of merchandise
C. Cash payments for operating expenses
D. Net cash flow from operating activities
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