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Q3: Given the following information, prepare a statement of cash flows $25 27 Dividends Increase in common stock Increase in accounts receivable Increase in inventories 65 Operating income Increase in accounts payable Interest expense Depreciation expense Increase in bank debt Increase in accrued expenses Increase in gross fixed assets Income taxes 215 40 50 20 48 15 55

Q3: Given the following information, prepare a statement of cash flows $25 27 Dividends Increase in common stock Increase in accounts receivable Increase in inventories 65 Operating income Increase in accounts payable Interest expense Depreciation expense Increase in bank debt Increase in accrued expenses Increase in gross fixed assets Income taxes 215 40 50 20 48 15 55

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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Q3: Given the following information, prepare a statement of cash flows $25 27 Dividends Increase in common stock Increase in accounts receivable Increase in inventories 65 Operating income Increase in accounts payable Interest expense Depreciationexpense Increase in bank debt Increase in accrued expenses Increase in gross fixed assets Income taxes 215 40 50 20 48 15 55
Transcribed Image Text:Q3: Given the following information, prepare a statement of cash flows $25 27 Dividends Increase in common stock Increase in accounts receivable Increase in inventories 65 Operating income Increase in accounts payable Interest expense Depreciationexpense Increase in bank debt Increase in accrued expenses Increase in gross fixed assets Income taxes 215 40 50 20 48 15 55
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