Unformatted text preview: Dividends go up Expenses go up Chapter 8: FIFO LIFO Chapter 10: Cash Flows (Indirect Method) 1. Net Income on Line 1 2. Add Depreciation 3. Subtract gains and add losses associated with sale of investments or long-term assets 4. Adjust for changes in current assets and liabilities a. Current assets: add decreases, subtract increases b. Current liabilities: add increases, subtract decreases Difference between last two years...
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This note was uploaded on 06/01/2008 for the course ACC 305 taught by Professor Gal during the Spring '08 term at Rutgers.
- Spring '08
- Trial Balance