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Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
Edition 22ISBN: 978-0077862275Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
Edition 22ISBN: 978-0077862275 Exercise 1
Refer to the information in Problem 16-1B.
Required
Prepare the cash flows from operating activities section only of the company's 2015 statement of cash flows using the direct method.
Reference: Problem 16-1B.
Salt Lake Company's 2015 income statement and selected balance sheet data (for current assets and current liabilities) at December 31, 2014 and 2015, follow.
Required
Prepare the cash flows from operating activities section only of the company's 2015 statement of cash flows using the indirect method.
Required
Prepare the cash flows from operating activities section only of the company's 2015 statement of cash flows using the direct method.
Reference: Problem 16-1B.
Salt Lake Company's 2015 income statement and selected balance sheet data (for current assets and current liabilities) at December 31, 2014 and 2015, follow.
Required
Prepare the cash flows from operating activities section only of the company's 2015 statement of cash flows using the indirect method.
Explanation
Verified
Verified
The statement of flows of cash:
The sta...
Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
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