Another_CFS__ABC_Problem_1 - Based on the information below...

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Based on the information below for ABC Company prepare a Cash Flow Statement for 2003 using the indirect method. The following page has been left blank for you to show your work. 2,003 2,002 Sales revenue 111,000 $ 120,000 $ Cost of goods sold 75,000 60,000 Gross Margin 36,000 60,000 Depreciation expense 10,000 8,000 General and Administrative Expenses 3,000 1,500 Gain on Sale of Vehicle (200) - Income before taxes 23,200 50,500 Income taxes 15,000 12,000 Net income 8,200 $ 38,500 $ 2,003 2,002 Assets Cash 23,000 $ 29,000 $ Accounts receivable, net 30,000 30,000 Merchandise inventory 94,000 36,000 Prepaid assets 15,000 15,000 Other current assets 2,000 5,000 Total current assets 164,000 115,000 Total Assets 458,200 $ 315,000 $ Liabilities Accounts payable 5,000
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Another_CFS__ABC_Problem_1 - Based on the information below...

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