Can anyone make the statement of cash flow by using these information?
Question:
product sales140m
cogs 80m
sal exp 100m
operating expense 20m
deprec.expense 3m
income tax expense 12m
changes in balance sheet accounts are as follows:
A/R 2m Accounts Receivable
Equip 4m
A/P Account Payable(5m) decrease
S/P Salary Payable(1m) decrease
Income tax payable 2m
accrued liability 8m
common stock 18m
Retained earnings 29m
Prepare a statement of cash flows using the direct method.
Answer:
Yes, are you looking for someone to do your accounting homework? It sure looks like it. How about you go and study and learn how to do it yourself.
ummm i have no idea
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