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Prepare cash flows from operating activities using the direct method Net income Depreciation expense Accounts receivable increase (decrease) Inventory increase (decrease) Accounts payable increase (decrease) Accrued labilities increase (decrease) Twix Dots Skor $ 4,000 $100,000 $72,000 30,000 8,000 24,000 40,000 20,000 (4,000) (20,000) (10,000) 10,000 24,000 (22,000) 14,000 (44,000) 12,000 (8,000)

Prepare cash flows from operating activities using the direct method Net income Depreciation expense Accounts receivable increase (decrease) Inventory increase (decrease) Accounts payable increase (decrease) Accrued labilities increase (decrease) Twix Dots Skor $ 4,000 $100,000 $72,000 30,000 8,000 24,000 40,000 20,000 (4,000) (20,000) (10,000) 10,000 24,000 (22,000) 14,000 (44,000) 12,000 (8,000)

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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Prepare cash flows from operating activities using the direct method: Net income Depreciation expense Accounts receivable increase (decrease) Inventory increase (decrease) Accounts payable increase (decrease) Accrued liabilities increase (decrease) Twix Dots $ 4,000 $100,000 30,000 40,000 (20,000) (10,000) 24,000 (22,000) (44,000) 12,000 8,000 20,000 Skor $72,000 24,000 (4,000) 10,000 14,000 (8,000)
Transcribed Image Text:Prepare cash flows from operating activities using the direct method: Net income Depreciation expense Accounts receivable increase (decrease) Inventory increase (decrease) Accounts payable increase (decrease) Accrued liabilities increase (decrease) Twix Dots $ 4,000 $100,000 30,000 40,000 (20,000) (10,000) 24,000 (22,000) (44,000) 12,000 8,000 20,000 Skor $72,000 24,000 (4,000) 10,000 14,000 (8,000)
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