Use the data in Short Exercise to complete this exercise. In Short Exercise Prepare One Way Cellulars

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Use the data in Short Exercise to complete this exercise.

In Short Exercise

Prepare One Way Cellularâ€™s statement of cash flows using the indirect method for the year ended September 30, 2014. Assume beginning and ending Cash are $ 40,000 and $ 100,900,respectively.

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Horngrens Financial and Managerial Accounting

ISBN: 978-0133255584

4th Edition

Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura

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Question Posted: Jan 16, 2015 10:29 AM

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Use the data in Short Exercise to complete this exercise. In Short Exercise Prepare One Way Cellulars

Question:

Cash receipt from sale of land Depreciation expense Cash payment of dividends Cash receipt from issuance of common stock 34,000Net income 20,000 Cash purchase of equipment 6,100 Decrease in current liabilities 55,000 39,000 19,000 14,000 30,000Increase in current assets other than cash

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Horngrens Financial and Managerial Accounting

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