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Marissa Company is preparing a statement of cash flows using the indirect method. The following data are available: + Net income Depreciation expense Inventory decrease Wages payable decrease 30,000 18,000 5,000 10,000 Accounts payable decrease Accounts receivable decrease 10,000 7,000 Is Net cash, provided by operating activit: s, equal to $36,000?

Marissa Company is preparing a statement of cash flows using the indirect method. The following data are available: + Net income Depreciation expense Inventory decrease Wages payable decrease 30,000 18,000 5,000 10,000 Accounts payable decrease Accounts receivable decrease 10,000 7,000 Is Net cash, provided by operating activit: s, equal to $36,000?

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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Marissa Company is preparing a statement of cash flows using the indirect method. The following data are available: + Net income Depreciation expense Inventory decrease Wages payable decrease 30,000 18,000 5,000 10,000 Accounts payable decrease Accounts receivable decrease 10,000 7,000 Is Net cash, provided by operating activit: s, equal to $36,000?
Transcribed Image Text:Marissa Company is preparing a statement of cash flows using the indirect method. The following data are available: + Net income Depreciation expense Inventory decrease Wages payable decrease 30,000 18,000 5,000 10,000 Accounts payable decrease Accounts receivable decrease 10,000 7,000 Is Net cash, provided by operating activit: s, equal to $36,000?
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