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Other Fields Homework Help Accounting Topic started by: jenny yehudai on Feb 5, 2023



Title: Benton Corporation's current asset and liability balances for the past two years are as follows. ...
Post by: jenny yehudai on Feb 5, 2023
Benton Corporation's current asset and liability balances for the past two years are as follows.  Net income for the year was $150,000, depreciation expense was $22,000, and gain on sale of land was $28,000.

Prior yearCurrent year
Accounts receivable$  80,000$  92,000
Inventory120,000110,000
Accounts payable35,00030,000
Accrued liabilities12,0008,000
Required:

Using the indirect method, prepare the cash flows provided by operating activities section of the statement of cash flows.


Title: Benton Corporation's current asset and liability balances for the past two years are as follows. ...
Post by: bhturner on Feb 5, 2023
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