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Riverbed Corp Income Statement For the Year Ended November 30, 2022 Sales revenue Cost of goods sold Beginning inventory Goods available for sale Ending inventory Total cost of goods sold Operating expenses Selling expenses Administrative expenses Additional Information: $1,898,800 4,453,200 6.352.000 1.575,300 452 400 704,900 $7,633,800 4776.700 2.857-100 1157/300 51.699.800 Accounts receivable decreased $377.800 during the year and inventory decreased $323 500 Prepaid expenses increased $148.100 during the year Accounts payable to suppliers of merchandise decreased $343 400 during the year. Accrued expenses payable decreased 599 200 during the year. Administrative expenses include depreciation expense of $211500

Riverbed Corp Income Statement For the Year Ended November 30, 2022 Sales revenue Cost of goods sold Beginning inventory Goods available for sale Ending inventory Total cost of goods sold Operating expenses Selling expenses Administrative expenses Additional Information: $1,898,800 4,453,200 6.352.000 1.575,300 452 400 704,900 $7,633,800 4776.700 2.857-100 1157/300 51.699.800 Accounts receivable decreased $377.800 during the year and inventory decreased $323 500 Prepaid expenses increased $148.100 during the year Accounts payable to suppliers of merchandise decreased $343 400 during the year. Accrued expenses payable decreased 599 200 during the year. Administrative expenses include depreciation expense of $211500

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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The income statement of Riverbed Corp is presented here. Riverbed Corp Income Statement For the Year Ended November 30, 2022 Sales revenue Cost of goods sold Beginning inventory Purchases Goods available for sale Ending Inventory Total cost of goods sold Gross profit Operating expenses Selling expenses Administrative expenses Net income Additional Information: $1,898,800 4,453.200 6.352.000 1.575,300 452 400 704 900 $7,633,800 4,776.700 2.857 100 1.157,300 $1.699.800 Accounts receivable decreased $377.800 during the year and inventory decreased $323.500 Prepaid expenses increased $148.100 during the year. Accounts payable to suppliers of merchandise decreased $343 400 during the year Accrued expenses payable decreased 599,200 during the year. Administrative expenses include depreciation expense of $211.500
Transcribed Image Text:The income statement of Riverbed Corp is presented here. Riverbed Corp Income Statement For the Year Ended November 30, 2022 Sales revenue Cost of goods sold Beginning inventory Purchases Goods available for sale Ending Inventory Total cost of goods sold Gross profit Operating expenses Selling expenses Administrative expenses Net income Additional Information: $1,898,800 4,453.200 6.352.000 1.575,300 452 400 704 900 $7,633,800 4,776.700 2.857 100 1.157,300 $1.699.800 Accounts receivable decreased $377.800 during the year and inventory decreased $323.500 Prepaid expenses increased $148.100 during the year. Accounts payable to suppliers of merchandise decreased $343 400 during the year Accrued expenses payable decreased 599,200 during the year. Administrative expenses include depreciation expense of $211.500
Prepare the operating activities section of the statement of cash flows for the year ended November 30, 2022, for Riverbed Corp, using the indirect method. (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis e.g. (15,000)) Riverbed Corp Partial Statement of Cash Flows Adjustments to reconcile net income to << 3 > S $
Transcribed Image Text:Prepare the operating activities section of the statement of cash flows for the year ended November 30, 2022, for Riverbed Corp, using the indirect method. (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis e.g. (15,000)) Riverbed Corp Partial Statement of Cash Flows Adjustments to reconcile net income to << 3 > S $
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