Question Content Area Balances of the current asset and current liability accounts at the end and beginning of the year are as follows: End Beginning Cash $62,000 $73,000 Accounts Receivable (net) 75,000 60,000 Inventories 54,000 47,000 Accounts Payable (merchandise creditors) 43,000 37,000 Salaries Payable 2,800 3,800 Sales (on account) 210,000 Cost of Merchandise Sold 70,000 Operating Expenses Other Than Depreciation 67,000 Use the direct method to prepare the operating activities section of a statement of cash flows. Use the minus sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments. blankCash Flows From The Operating Activities Section Cash flows from (used for) operating activities: $- Select - $- Select - - Select - $- Select -

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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  1. Question Content Area

    Balances of the current asset and current liability accounts at the end and beginning of the year are as follows:

     
    End
    Beginning
    Cash
    $62,000   
    $73,000   
    Accounts Receivable (net)
    75,000   
    60,000   
    Inventories
    54,000   
    47,000   
    Accounts Payable (merchandise creditors)
    43,000   
    37,000   
    Salaries Payable
    2,800   
    3,800   
    Sales (on account)
    210,000   
       
    Cost of Merchandise Sold
    70,000   
       
    Operating Expenses Other Than Depreciation
    67,000   
       

     

    Use the direct method to prepare the operating activities section of a statement of cash flows. Use the minus sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments.

    blankCash Flows From The Operating Activities Section
    Cash flows from (used for) operating activities:  
     
    $- Select -
     
    $- Select -
     
    - Select -
     
    $- Select -
     
  2.  
  3.  
  4.  
  5.  
 
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