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Author Question: Benton Corporation's current asset and liability balances for the past two years are as follows. Net ... (Read 13 times)

sh03641

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on: Feb 5, 2023
Benton Corporation's current asset and liability balances for the past two years are as follows.  Net income for the year was $150,000, depreciation expense was $22,000, and gain on sale of land was $28,000.

​​Prior yearCurrent year
Accounts receivable$  80,000$  92,000
Inventory120,000110,000
Accounts payable35,00030,000
Accrued liabilities12,0008,000
Required:

Using the indirect method, prepare the cash flows provided by operating activities section of the statement of cash flows.
Managerial Accounting ¦ Davis ¦ 4th Edition
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Marked as best answer by sh03641 on Feb 5, 2023

Jim457

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Reply #1 on: Feb 5, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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sh03641

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Reply 2 on: Feb 5, 2023
:D TYSM

coreycathey

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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