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The records of True Color Engraving reveal the following: LOADING... (Click the icon to view the records.) Compute cash flows from operating activities by the
The records of True Color Engraving reveal the following: LOADING... (Click the icon to view the records.)
Compute cash flows from operating activities by the indirect method for year ended December 31, 2018. (Use a minus sign or parentheses for amounts that result in a decrease in cash and to show net cash used for operating activities. If a box is not used in the table, leave the box empty; do not select a label or enter a zero.)
True Color Engraving Statement of Cash Flows (Partial) Year Ended December 31, 2018 Cash Flows from Operating Activities: Net Income 30000 Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Depreciation Expense 12000 Loss on Sale of Land 8000 Increase in Current Assets Other than Cash (15000) (31000) Decrease in Current Liabilities Net Cash Provided by (Used for) Operating Activities - X Data Table Net income $ 30,000 Depreciation expense $ 12,000 Sales revenue 54,000 Decrease in current liabilities 31,000 Loss on sale of land 8,000 Increase in current assets other than cash 15,000 Acquisition of land 38,000 Print DoneStep by Step Solution
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