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Accounting: What the Numbers Mean 11th Edition by Wayne McManus,Daniel Viele,David Marshall
Edition 11ISBN: 978-1259535314Accounting: What the Numbers Mean 11th Edition by Wayne McManus,Daniel Viele,David Marshall
Edition 11ISBN: 978-1259535314 Exercise 2
Cash flows from operations-indirect method The financial statements of Simon Co. include the following items (amounts in thousands):
Required:
a. Calculate the net cash flow provided by operations for Simon Co. for the year ended December 31, 2017.
b. Explain why net income is different from the net cash provided by operations.
Required:
a. Calculate the net cash flow provided by operations for Simon Co. for the year ended December 31, 2017.
b. Explain why net income is different from the net cash provided by operations.
Explanation
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Operating Income is defined as the diffe...
Accounting: What the Numbers Mean 11th Edition by Wayne McManus,Daniel Viele,David Marshall
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