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The Following Schedule of Cash Receipts and Payments Relates to Design

Question 40

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The following schedule of cash receipts and payments relates to Design Elements for the year 2016:
The following schedule of cash receipts and payments relates to Design Elements for the year 2016: Design had $104,000 cash to start 2016 and ended the year with $288,000 cash. In good form, prepare a 2016 statement of cash flows for Design Elements using the direct method. Design had $104,000 cash to start 2016 and ended the year with $288,000 cash. In good form, prepare a 2016 statement of cash flows for Design Elements using the direct method.

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