CourseLover

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    Devry University
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Category > Business & Finance Posted 15 Dec 2017 My Price 10.00

statement of cash flows for 2017

Pancho Company reported net income of $245,000 for 2017. Pancho sold equipment that cost $100,000 and had a book value of $60,000 for $52,000. The comparative balance sheet shows a decrease in accounts receivable of $19,000 for the year, a $13,000 increase in accounts payable, a $4,000 increase in prepaid expenses, and a $17, 000 increase in accumulated depreciation.

 

Instructions

Prepare the operating activities section of the statement of cash flows for 2017. Use the indirect method.

 

Answers

CourseLover
(12)
Status NEW Posted 15 Dec 2017 04:12 PM My Price 10.00

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