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Home Q & A Board Other Fields Homework Help Business Accounting
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duo21 duo21
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A year ago
Panella Company's has provided the following financial information for last year.


Sales$310,000
Cost of goods sold205,000
Operating expenses (includes $10,000 depreciation)60,000
Accounts receivable beginning/ending balances$45,000 and $32,000
Inventory beginning/ending balances55,000 and   60,000
Accounts payable beginning/ending balances45,000 and   30,000
Accrued liabilities10,000 and   16,000

Required:

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

Managerial Accounting


Edition: 4th
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joshamjosham
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