The following information pertains to Guys Gear Company: Required: Present the operating activities section of the statement

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The following information pertains to Guy€™s Gear Company:

Required:
Present the operating activities section of the statement of cash flows for Guy€™s Gear Company using the indirectmethod.

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Managerial Accounting

ISBN: 978-0078025518

2nd edition

Authors: Stacey Whitecotton, Robert Libby, Fred Phillips

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Question Posted: Feb 27, 2015 10:41 AM

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The following information pertains to Guys Gear Company: Required: Present the operating activities section of the statement

Question:

Sales Expenses $80,000 Cost of Goods Sold $50,000 6,000 12,000 Depreciation Expense 68,000 $12,000 Salaries Expense Net Income Accounts Receivable decrease Merchandise Inventory increase Salaries Payable increase $4,000 8,000 750

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Cash flows from operating activitiesindirect method Net income 12000 Adju...View the full answer

Managerial Accounting

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