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"url": "\/study-help\/questions\/the-following-income-statement-and-additional-yearend-information-is-provided-1693743",
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"meta_title": "[Solved] The following income statement and additi | SolutionInn",
"meta_description": "Answer of - The following income statement and additional year-end information is provided. SONAD COMPANY Income Statement For Yea | SolutionInn",
"meta_keywords": "income,statement,additional,year-end,information,provided,sonad,company,year,ended,december,31",
"question_title_h1": " The following income statement and additional year-end information is provided. SONAD COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold",
"question_title": " The following income statement and additional year-end information is provided. SONAD",
"question_title_for_js_snippet": "The following income statement and additional year end information is provided SONAD COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold $ 2,370,000 1,161,300 Gross profit Operating expenses Salaries expense Depreciation expense Rent expense Amortization expenses Patents Utilities expense Gain on sale of equipment $ 324,690 1,208,700 56,880 63,990 7,110 26,070 478, 740 729,960 9,480 $ 739,440 Net income Accounts receivable Inventory $ 22, 350 increase Accounts payable 13,575 increase Salaries payable $ 11,800 decrease 4,700 decrease Prepare the operating activities section of the statement of cash flows using the direct method (Amounts to be deducted should be indicated with a minus sign ) ease Prepare the operating activities section of the statement of cash flows using the direct method (Amounts to indicated with a minus sign ) Statement of Cash Flows (Partial) Cash flows from operating activities",
"question_description": "",
"transcribed_text": "The following income statement and additional year-end information is provided. SONAD COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold $ 2,370,000 1,161,300 Gross profit Operating expenses Salaries expense Depreciation expense. Rent expense Amortization expenses-Patents. Utilities expense Gain on sale of equipment $ 324,690 1,208,700 56,880 63,990 7,110 26,070 478, 740 729,960 9,480 $ 739,440 Net income Accounts receivable Inventory $ 22, 350 increase Accounts payable. 13,575 increase Salaries payable $ 11,800 decrease 4,700 decrease Prepare the operating activities section of the statement of cash flows using the direct method. (Amounts to be deducted should be indicated with a minus sign.) ease Prepare the operating activities section of the statement of cash flows using the direct method. (Amounts to indicated with a minus sign.) Statement of Cash Flows (Partial) Cash flows from operating activities",
"related_book": {
"title": "Accounting What the Numbers Mean",
"isbn": "9780077515904, 007802529X, 77515900, 978-0078025297",
"edition": "10th edition",
"authors": "David H. Marshall, Wayne W. McManus, Daniel F. Viele",
"cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/262.jpg",
"uri": "\/textbooks\/accounting-what-the-numbers-mean-10th-edition-262",
"see_more_uri": ""
},
"free_related_book": {
"isbn": "3662568659",
"uri": "\/textbooks\/finance-for-food-towards-new-agricultural-and-rural-finance-1st-edition-9783662568651",
"name": "Finance For Food Towards New Agricultural And Rural Finance",
"edition": "1st Edition"
},
"question_posted": "2024-05-25 15:10:03",
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