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The following comparative information is available for Ayaya Sales revenue Cost of goods sold Operating expenses (including depreciation) Depreciation Cash paid for inventory purchases LIFO FIFO $93,000 $93,000 36,000 27,000 11,000 17,180 32,600 27,000 11,000. 17,180

The following comparative information is available for Ayaya Sales revenue Cost of goods sold Operating expenses (including depreciation) Depreciation Cash paid for inventory purchases LIFO FIFO $93,000 $93,000 36,000 27,000 11,000 17,180 32,600 27,000 11,000. 17,180

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 following comparative information is available for Ayayai Corp. for 2022. LIFO Sales revenue $93,000 Cost of goods sold 36,000 Operating expenses (including depreciation) 27,000 Depreciation 11,000 Cash paid for inventory purchases (a). (b) 17,180 Net cash provided by operating activities FIFO $93,000 32,600 27,000 11,000 Determine net cash provided by operating activities under each approach. Assume that all sales were on a cash basis and that income taxes and operating expenses, other than depreciation, were on a cash basis. $ 17,180 LIFO $ FIFO
Transcribed Image Text:The following comparative information is available for Ayayai Corp. for 2022. LIFO Sales revenue $93,000 Cost of goods sold 36,000 Operating expenses (including depreciation) 27,000 Depreciation 11,000 Cash paid for inventory purchases (a). (b) 17,180 Net cash provided by operating activities FIFO $93,000 32,600 27,000 11,000 Determine net cash provided by operating activities under each approach. Assume that all sales were on a cash basis and that income taxes and operating expenses, other than depreciation, were on a cash basis. $ 17,180 LIFO $ FIFO
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