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Can you help with parts B and C

Can you help with parts B and C

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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Can you help with parts B and C
c. Cash paid for merchandise Cost of goods sold Inventory, January 1 Inventory, December 31 Accounts payable, January 1 Accounts payable, December 31 Cash Flow purchased: $ $180,000 30,000 24,000 10,000 11,000 0 x
Transcribed Image Text:c. Cash paid for merchandise Cost of goods sold Inventory, January 1 Inventory, December 31 Accounts payable, January 1 Accounts payable, December 31 Cash Flow purchased: $ $180,000 30,000 24,000 10,000 11,000 0 x
Operating Cash Flows (Direct Method) Calculate the cash flow in each of the following cases: a. Cash paid for advertising: Advertising expense Prepaid advertising, January 1 Prepaid advertising, December 31 Cash Flow b. Cash paid for income taxes: Income tax expense Income tax payable, January 1 Income tax payable, December 31 Cash Flow $ 4. $62,000 13,000 15,000 X $31,000 7,100 5,900
Transcribed Image Text:Operating Cash Flows (Direct Method) Calculate the cash flow in each of the following cases: a. Cash paid for advertising: Advertising expense Prepaid advertising, January 1 Prepaid advertising, December 31 Cash Flow b. Cash paid for income taxes: Income tax expense Income tax payable, January 1 Income tax payable, December 31 Cash Flow $ 4. $62,000 13,000 15,000 X $31,000 7,100 5,900
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