%24 > > > > Service revenue 0000 Income from operatlons 0000. NetIncome: Crane's balancesheet contalned the following comparatlvedata as December 31: Accounts recelvable 596,000 00000, Accounts payable 00000 Incometaxes pavable 0000 Crane has no depreclable 2ssets. Accounts payable pertalns to operating expenses. Prepare the operating actlvitles sectlon off the statement of cash flowsusing the direct method. CRANE INC Statement of Cash Flows eTextbook and Media Savs for Latar Attempts: 0 of 3 used Submit Anzvwor

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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I it IV question 14

%24
> > > >
Service revenue
0000
Income from operatlons
0000.
NetIncome:
Crane's balancesheet contalned the following comparatlvedata as December 31:
Accounts recelvable
596,000
00000,
Accounts payable
00000
Incometaxes pavable
0000
Crane has no depreclable 2ssets. Accounts payable pertalns to operating expenses.
Prepare the operating actlvitles sectlon off the statement of cash flowsusing the direct method.
CRANE INC
Statement of Cash Flows
eTextbook and Media
Savs for Latar
Attempts: 0 of 3 used
Submit Anzvwor
Transcribed Image Text:%24 > > > > Service revenue 0000 Income from operatlons 0000. NetIncome: Crane's balancesheet contalned the following comparatlvedata as December 31: Accounts recelvable 596,000 00000, Accounts payable 00000 Incometaxes pavable 0000 Crane has no depreclable 2ssets. Accounts payable pertalns to operating expenses. Prepare the operating actlvitles sectlon off the statement of cash flowsusing the direct method. CRANE INC Statement of Cash Flows eTextbook and Media Savs for Latar Attempts: 0 of 3 used Submit Anzvwor
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