Custom Bundle: Accounting, Loose-leaf Version, 26th + Working Papers, Chapters 1-17, 26th Edition
26th Edition
ISBN: 9781305714731
Author: Warren/Reeve/Duchac
Publisher: Cengage
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Chapter 16, Problem 16.3APE
Changes in current operating assets and liabilities-indirect method
Alpenrose Corporation’s comparative
| Dec. 31, 2016 | Dec. 31, 2015 | |
| $27,000 | $32,400 | |
| Inventory | 18,000 | 15,480 |
| Accounts payable | 16,200 | 14,220 |
| Dividends payable | 49,500 | 53,100 |
Adjust net income of $207,000 for changes in operating assets and liabilities to arrive at net
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Changes in current operating assets and liabilities-indirect method
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Chapter 16 Solutions
Custom Bundle: Accounting, Loose-leaf Version, 26th + Working Papers, Chapters 1-17, 26th Edition
Ch. 16 - What is the principal disadvantage of the direct...Ch. 16 - Prob. 2DQCh. 16 - A corporation issued 2,000,000 of common stock in...Ch. 16 - A retail business, using the accrual method of...Ch. 16 - Prob. 5DQCh. 16 - A long-term investment in bonds with a cost of...Ch. 16 - A corporation issued 2,000,000 of 20-year bonds...Ch. 16 - Fully depreciated equipment costing 50,000 is...Ch. 16 - Prob. 9DQCh. 16 - Name five common major classes of operating cash...
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