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Home Q & A Board Other Fields Homework Help Business Accounting
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jene277 jene277
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A year ago
The following balances were gathered from Newport Industries general ledger.

​December 31, 2020December 31, 2021
Accounts receivable$  67,000$  62,000
Inventory140,000147,000
Accounts payable32,00044,000
Accrued liabilities12,00010,000
Sales​320,000
Cost of goods sold​140,000
Operating expenses (includes $7,000 depreciation)​72,000
Loss on sale of land​6,000
Income tax expense​22,000
Required:

Using the indirect method, prepare the cash flows provided by operating activities section of Newport's statement of cash flows for 2021.
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
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davisdiamonddavisdiamond
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A year ago
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jene277 Author
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A year ago
Thanks for your help!!
byehoe
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This site is awesome
logbi
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This helped my grade so much Perfect
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