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jenny yehudai jenny yehudai
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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.
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Managerial Accounting

Managerial Accounting


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bhturnerbhturner
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jenny yehudai Author
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A year ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
mkyoungs
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You make an excellent tutor!
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Helped a lot
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