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Microhard, Inc. Consolidated Income Statements At and for the years ended December 31 20X3 20X2 (all amounts in thousands) Sales Revenue $133,000 $124,000 Cost of Goods Sold 83,000 80,000 Selling Expenses 23,000 20,000 Depreciation and Amortization Expense 12,000 10,000 Current Assets (except Cash) 34,000 30,000 Current Liabilities 12,000 10,000 Calculate Microhard's Cash from Operating Activities on the Statement of Cash Flows for the year ended January 31, 20X3.

Microhard, Inc. Consolidated Income Statements At and for the years ended December 31 20X3 20X2 (all amounts in thousands) Sales Revenue $133,000 $124,000 Cost of Goods Sold 83,000 80,000 Selling Expenses 23,000 20,000 Depreciation and Amortization Expense 12,000 10,000 Current Assets (except Cash) 34,000 30,000 Current Liabilities 12,000 10,000 Calculate Microhard's Cash from Operating Activities on the Statement of Cash Flows for the year ended January 31, 20X3.

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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Microhard, Inc. Consolidated Income Statements At and for the years ended December 31 20X3 20X2 (all amounts in thousands) Sales Revenue $133,000 $124,000 Cost of Goods Sold 83,000 80,000 Selling Expenses 23,000 20,000 Depreciation and Amortization Expense 12,000 10,000 Current Assets (except Cash) 34,000 30,000 Current Liabilities 12,000 10,000 Calculate Microhard's Cash from Operating Activities on the Statement of Cash Flows for the year ended January 31, 20X3.
Transcribed Image Text:Microhard, Inc. Consolidated Income Statements At and for the years ended December 31 20X3 20X2 (all amounts in thousands) Sales Revenue $133,000 $124,000 Cost of Goods Sold 83,000 80,000 Selling Expenses 23,000 20,000 Depreciation and Amortization Expense 12,000 10,000 Current Assets (except Cash) 34,000 30,000 Current Liabilities 12,000 10,000 Calculate Microhard's Cash from Operating Activities on the Statement of Cash Flows for the year ended January 31, 20X3.
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