Net income Sales revenue Loss on sale of land Acquisition of land Depreciation expense Decrease in current liabilities Increase in current assets other than cash $ 5,000 19,000 $ 36,000 53,000 4,000 10,000 35,000

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Computing operating activities cash flow—indirect method

The records of Vintage Color Engraving reveal the following:

Compute cash flows from operating activities by the indirect method for year ended December 31, 2018.

Net income
Sales revenue
Loss on sale of land
Acquisition of land
Depreciation expense
Decrease in current liabilities
Increase in current assets other than cash
$ 5,000
19,000
$ 36,000
53,000
4,000
10,000
35,000
Transcribed Image Text:Net income Sales revenue Loss on sale of land Acquisition of land Depreciation expense Decrease in current liabilities Increase in current assets other than cash $ 5,000 19,000 $ 36,000 53,000 4,000 10,000 35,000
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