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22$ AO 1000 cc5fdop soppan saar 14 pios spo anu

22$ AO 1000 cc5fdop soppan saar 14 pios spo anu

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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108.

Subject :- Accounting 

Cullumber Corporation had the following 2025 income statement. Sales revenue Cost of goods sold Gross profit Operating expenses (includes depreciation of $22,000) Net income $216,000 127,000 Cash at Beginning of Period 89,000 $ 53,000 The following accounts increased during 2025: Accounts Receivable $13,000, Inventory $12,000, and Accounts Payable $14,000. Prepare the cash flows from operating activities section of Cullumber's 2025 statement of cash flows using the direct method. $36,000 CULLUMBER CORPORATION Statement of Cash Flows-Direct Method (Partial) For the Year Ended December 31, 2025 $ $
Transcribed Image Text:Cullumber Corporation had the following 2025 income statement. Sales revenue Cost of goods sold Gross profit Operating expenses (includes depreciation of $22,000) Net income $216,000 127,000 Cash at Beginning of Period 89,000 $ 53,000 The following accounts increased during 2025: Accounts Receivable $13,000, Inventory $12,000, and Accounts Payable $14,000. Prepare the cash flows from operating activities section of Cullumber's 2025 statement of cash flows using the direct method. $36,000 CULLUMBER CORPORATION Statement of Cash Flows-Direct Method (Partial) For the Year Ended December 31, 2025 $ $
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