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Unformatted text preview: b. Prepare a journal entry to fix the error in the subsequent period including tax and retained earnings effects. Statement of Cash Flows—Chapter 23 1. Prepare in good form a complete statement of cash flows using the indirect method for cash flows from operations. You will be provided two balance sheets, one income statement and some explanatory information for investment and financing transactions. 2. Calculate Cash Collected From Customers using A/R, Bad Debt Expense, Write Offs, Allowance for Doubtful Accounts, and Credit Sales. 3. Calculate Cash Used to Pay Providers of Merchandise using A/P, COGS, Inventory, Credit Purchases...
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This note was uploaded on 03/03/2012 for the course MGMT 351 taught by Professor Staff during the Spring '08 term at Purdue.
- Spring '08