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hcraik2 hcraik2
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A year ago
Burton Company's current asset and liability balances for the past two years are as follows.  Net income for the year was $120,000 and depreciation expense was $15,000.

Prior yearCurrent year
Accounts receivable$  80,000$  65,000
Inventory130,000140,000
Accounts payable45,00040,000
Accrued liabilities12,00015,000
Required:

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

Managerial Accounting


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tpriest1tpriest1
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hcraik2 Author
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A year ago
This helped my grade so much Perfect
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Thanks for your help!!
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Brilliant
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