acct homework 10.5.10

acct homework 10.5.10 - Depreciation expense 16700 17500...

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Leah Celani  Cowan, Inc. Statement of Cash Flows For the year ended December 31, 2010 Cash flows from operating activities    Net Income 42000    Adjustments to reconcile net income to    net cash provided by operating activities          Decrease in inventory 19400          Increase in salaries payable 8000          Increase in trade accounts receivable -15000          Increase in trade accounts payable -12000          Decrease in income tax payable 400
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Unformatted text preview: Depreciation expense 16700 17500 Net cash provided by operating activities 59500 Cowan, Inc. Schedule of cash provided by operating activities Cash received from customers 365000 Cash paid to suppliers 217600 Operating expenses paid 60300 Taxes paid 27600 305500 Net cash provided by operating activities 59500 1. 380000 - 15000 = 365000 2. 225000 - 19400 + 12000 = 217600 3. 85000 - 16700 - 8000 = 60300 4. 28000 - 400 = 27600...
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acct homework 10.5.10 - Depreciation expense 16700 17500...

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