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Unformatted text preview: Add increases to net income; subtract decreases Preparing the Operating Section Indirect Method Use current year income statement for the following amounts Net Income Depreciation, depletion and amortization expense Gains or losses on sales of assets Use comparative balance sheets to compute the changes in current assets and current liabilities Investing Activities Affect long-term assets: Plant assets Investments Notes receivable Computing Purchases and Sales of Plant Assets Plant assets, net, beginning balance + Acquisitions-Depreciation-Book value of assets sold = Plant assets, net, ending balance...
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This note was uploaded on 06/14/2011 for the course ACCOUNTING 23020 taught by Professor Na during the Spring '11 term at Kent State.
- Spring '11
- Financial Accounting