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With in 20 min please Question 14 The account balances for the noncash current assets and current liabilities of Global Filter Corp. are as follows
With in 20 min please
Question 14 The account balances for the noncash current assets and current liabilities of Global Filter Corp. are as follows December 31 2015 2014 Accounts receivable 25,000 37,000 Morchandise inventory 61,500 54,000 Prepaid expenses 63000 73.500 Totals 178,500 164,500 Accounts payable 17,500 36.000 Salanes payable 55,000 43 500 Totals 86,500 79,500 During 2015 Global Filter Corp. reported depreciation expense of $11,000. A loss on sale of equipment was reported in the amount of $24.000. All purchases and sales are on account. Net loss for 2015 was S47.500. Prepare the operations section of the statement of cash flows using the indirect method, select one) Statement of Cash Flows select one XStep by Step Solution
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