Week3-Ch5HWproblems - 5-29 Tapwater Company Statement of...

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Unformatted text preview: 5-29 Tapwater Company Statement of Cash Flows (Indirect Method) For the Year Ended December 31, 2013 Cash flows from operating activities: Net income $35,500 Adjustments: Depreciation expense 7,000 Increase in accounts receivable (2,150) Increase in inventory (4,500) Decrease in accounts payable (2,500) Decrease in Prepaid Insurance (1,050) Other Current Liabilities 2,000 Net cash provided by operating activities Page 1 $34,300 ...
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This note was uploaded on 08/12/2011 for the course ACCT 2201 taught by Professor Alvarez during the Spring '11 term at FIT.

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