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e13-5 - Name Date Instructor Course rd Managerial...

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FileName: edbc1e6a47cd40d19d4014724f595deb48490765.xls, Tab: Exercise E13-5, Page 1 of 2, 12/28/2011, 19:01:51 Name: Date: Instructor: Course: 2005 2004 Current assets Cash $105,000 $99,000 Accounts receivable 120,000 89,000 Inventory 148,000 172,000 Prepaid expenses 27,000 22,000 Total current assets $400,000 $382,000 Current liabilities Accrued expenses payable $15,000 $5,000 Accounts payable 85,000 92,000 Total current liabilities $100,000 $97,000 DoubleDip's net income for 2005 was $153,000 Depreciation expense was $19,000 Instructions: DOUBLEDIP INC. Partial Statement of Cash Flows For the Year Ended December 31, 2005 Cash flows from operating activities Title Amount Title Amount Title Amount Title Amount Title Amount Title Amount Title Amount Formula Title Formula Managerial Accounting, 3 rd Edition, by Weygandt, Kieso, and Kimmel Solving Managerial Accounting Problems Using Microsoft Excel for Windows by Rex A Schildhouse Exercise E13-5, The current sections of DoubleDip Inc.'s balance sheets at December 31, 2004 and 2005 are presented here.
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