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The following statement of financial position and statement of comprehensive income should be used. Woodburn, Inc. 2018 Statement of comprehensive income ($ in thousands) Net
The following statement of financial position and statement of comprehensive income should be used. Woodburn, Inc. 2018 Statement of comprehensive income ($ in thousands) Net Sales $6,380 Less: Cost of Goods Sold 4,120 Less: Depreciation 360 Earnings Before Interest and 1,900 Taxes Less: Interest Paid Taxable income 1,855 Less: Taxes 650 Net Income 1.205 45 Woodburn, Inc. Statement of financial position Years ended 2017 and 2018 ($ in thousands) 2017 2018 2017 $230 $340 Accounts $850 payable 910 950 Long-term 1,650 debt 2018 1,020 Cash 1,400 Accounts rec. Cash 2018 1,020 Woodburn, Inc. Statement of financial position Years ended 2017 and 2018 ($ in thousands) 2017 2018 2017 $230 $340 Accounts $850 payable 910 950 Long-term 1,650 debt 1.490 1,460 Common 2,500 stock 2,630 $2,750 Retained 820 earnings 3.190 3,220 Accounts rec. Inventory 1,400 2,200 Total 1,350 Net fixed assets Total assets $5.820 $5,820 $5,970 $5,970 Total liabilities & equity How will Woodburn's accounts receivable appear on the statement of cash flows for 2018($ in thousands)? $40 operating activity cash inflow, $40 investment activity cash outflow
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