The following information pertains to Day Company: Required: Present the Operating Activities section of the statement of
Question:
The following information pertains to Day Company:
Required:
Present the Operating Activities section of the statement of cash flows for Day Company using the indirect method.
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Sales $80,000 Expenses Cost of goods sold $50,000 Depreciation expense 6,000 Salaries expense 12,000 68,000 Net income $12,000 Accounts receivable increase $ 5,000 Merchandise inventory decrease Salaries payable increase 8,000 500
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