1.12 Pay cash for manufacturing laborWage cost incurred = $190A+dr-crL-dr+crContra-assets-dr+crE on B/S-dr+crE via I/S-dr+crIndirect operating cash flows:Direct operating cash flows:Direct investing cash flows:Direct financing cash flows:Net cash flows =

1. Pay cash for manufacturing labor ($190)Journal entry:Dr. Manufacturing Labor Expense 190 Cr.…

Answered: 1.12 Pay cash for manufacturing labor…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 48E: Preparing Net Cash Flows from Operating Activities-Direct Method Colassard Industries has the...

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1.12 Pay cash for manufacturing labor Wage cost incurred = $190 A +dr -cr L -dr +cr Contra-assets -dr +cr E on B/S -dr +cr E via I/S -dr +cr Indirect operating cash flows: Direct operating cash flows: Direct investing cash flows: Direct financing cash flows: Net cash flows =