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Very confused on how to do this, even the textbook isnt helping Fxercise 12-3 Concord Corporation reported net income of $177,200 for 2017. Concord Coporation
Very confused on how to do this, even the textbook isnt helping
Fxercise 12-3 Concord Corporation reported net income of $177,200 for 2017. Concord Coporation also reported depreciation expense of $35,230 and a loss of $4,920 on the disposal of plant assets. The comparnce sheets show an increase in accounts receivable of $14,160 for the year, a $17,220 increase in accounts payable, and a $4,190 increase in prepaid expenses. Prepare the operating activities section of the statement of cash flows for 2017. Use the indirect method. (Show amounts that decrease cash tlow with either a sign e.g. -15,000in parenthesis e.g. (15,000).) Concord Corporation Partial Statement of Cash Flows December 31, 2017 Cash Flows from Operating Activities Net Income 177,200 Adjustments to reconcile net income to Click if you would like to Show Work for this question: Onen Show WorkStep by Step Solution
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