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Category > Business & Finance Posted 13 Dec 2017 My Price 10.00

Prepare the operating activities section

i need help with this problem.

 

P13-3A. The income statement of Whitlock Company is presented here.

Additional information:

  • Accounts receivable increased $200,000 during the year, and inventory decreased $500,000.
  • Prepaid expenses increased $150,000 during the year.
  • Accounts payable to suppliers of merchandise decreased $340,000 during the year.
  • Accrued expenses payable decreased $100,000 during the year.
  • Operating expenses include depreciation expense of $70,000.

 

Instructions

Prepare the operating activities section of the statement of cash flows for the year ended November 30, 2015, for Whitlock Company, using the indirect method.

 

Answers

CourseLover
(12)
Status NEW Posted 13 Dec 2017 07:12 AM My Price 10.00

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