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Week+5+Team+-+Rebecca's+portion - 25,000 Increase in...

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P23-7 George Winston Company ( C ) Statement of Cash Flows (partial) For Year-End May 31, 2008 Increase (Decrease) in Cash Cash flows from operating activities Net Income $130,000 Adjustments to reconcile net income to net cash provided by operating activities Depreciation expense
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Unformatted text preview: 25,000 Increase in accounts receivable-22,000 Decrease in inventory 40,000 Increase in prepaid expense-2,000 Increase in accounts payable 8,000 Decrease in salaries payable-24,750 24,250 Net cash provided by operating activities $154,250...
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