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In 2023, Marigold had the following activity in selected accounts: Accounts Receivable 18,100 34 102,000 21,940 1/1/23 Revenues 12/31/23 1,160 Write-offs 97,000 Collections Net Income/(Loss) Marigold Ltd. Statement of Cash Flows (Indirect Method) For the Year Ended December 31, 2023 Cash Flows from Operating Activities Increase in Net Accounts Receivable eTextbook and Media Net Cash Provided by Operating Activities Allowance for Expected Credit Losses 1,300 Write-offs 1,160 Prepare Marigold's cash flows from operating activities section of the statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a negative sign e.g. -10,000 or in parenthesis eg. (10,000)) 45000 -20350 1,450 24650 1.590 1/1/23 Loss on impairment 12/31/23

In 2023, Marigold had the following activity in selected accounts: Accounts Receivable 18,100 34 102,000 21,940 1/1/23 Revenues 12/31/23 1,160 Write-offs 97,000 Collections Net Income/(Loss) Marigold Ltd. Statement of Cash Flows (Indirect Method) For the Year Ended December 31, 2023 Cash Flows from Operating Activities Increase in Net Accounts Receivable eTextbook and Media Net Cash Provided by Operating Activities Allowance for Expected Credit Losses 1,300 Write-offs 1,160 Prepare Marigold's cash flows from operating activities section of the statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a negative sign e.g. -10,000 or in parenthesis eg. (10,000)) 45000 -20350 1,450 24650 1.590 1/1/23 Loss on impairment 12/31/23

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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In 2023, Marigold had the following activity in selected accounts: 1/1/23 Revenues Accounts Receivable 18,100 102,000 12/31/23 21,940 1,160 97,000 Net Income/(Loss) Marigold Ltd. Statement of Cash Flows (Indirect Method) For the Year Ended December 31, 2023 Cash Flows from Operating Activities Increase in Net Accounts Receivable eTextbook and Media Net Cash Provided by Operating Activities Allowance for Expected Credit Losses 1,300 Write-offs Write-offs 1,160 Collections Prepare Marigold's cash flows from operating activities section of the statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a negative sign e.g. -10,000 or in parenthesis e.g. (10,000).) 45000 -20350 1,450 24650 1.590 1/1/23 Loss on impairment 12/31/23
Transcribed Image Text:In 2023, Marigold had the following activity in selected accounts: 1/1/23 Revenues Accounts Receivable 18,100 102,000 12/31/23 21,940 1,160 97,000 Net Income/(Loss) Marigold Ltd. Statement of Cash Flows (Indirect Method) For the Year Ended December 31, 2023 Cash Flows from Operating Activities Increase in Net Accounts Receivable eTextbook and Media Net Cash Provided by Operating Activities Allowance for Expected Credit Losses 1,300 Write-offs Write-offs 1,160 Collections Prepare Marigold's cash flows from operating activities section of the statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a negative sign e.g. -10,000 or in parenthesis e.g. (10,000).) 45000 -20350 1,450 24650 1.590 1/1/23 Loss on impairment 12/31/23
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