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Author Question: Panella Company's has provided the following financial information for last year.Sales$310,000Cost ... (Read 62 times)

awgagawg

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on: Feb 5, 2023
Panella Company's has provided the following financial information for last year.


Sales$310,000
Cost of goods sold205,000
Operating expenses (includes $10,000 depreciation)60,000
Accounts receivable beginning/ending balances$45,000 and $32,000
Inventory beginning/ending balances55,000 and   60,000
Accounts payable beginning/ending balances45,000 and   30,000
Accrued liabilities10,000 and   16,000

Required:

Using the direct 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 awgagawg on Feb 5, 2023

kuttz

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Reply #1 on: Feb 5, 2023
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awgagawg

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Reply 2 on: Feb 5, 2023
YES! Correct, THANKS for helping me on my review

jojobee318

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Reply 3 on: Yesterday
Wow, this really help

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