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Use the following information from Dobby House Corp to create the Cash Flow from Operations Section of the Cash Flow Statement using the indirect. Thank
Use the following information from Dobby House Corp to create the Cash Flow from Operations Section of the Cash Flow Statement using the indirect. Thank you!
Dobby House Corp Income Statement Year Ended December 31, 2016 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses: Salaries Expense Depreciation Expense- Plant Assets Other Operating Expenses Total Operating Expenses Net Income $150,000 100.000 50.000 $10,000 2,100 $4,000 16,100 33.900 Dobby House Corp Comparative Balance Sheet (Partial - Current Assets & Liabilities Only) December 31, 2016 and 2015 2016 2015 Assets Current Assets Cash Accounts Receivable Merchandise Inventory Total Current Assets $11,000 1,000 14,000 $26,000 $9,000 1,500 12.000 $22,500 Liabilities Current Liabilities Accounts payable Accrued Liabilities Total Current Liabilities $5,800 8.700 $14.500 $4300 7.300 $11.600 Step by Step Solution
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