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Home Q & A Board Other Fields Homework Help Business Accounting
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mahan1994 mahan1994
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A year ago
Parnell Corporation provided the following financial information:

Sales$105,000
Cost of goods sold65,000
Operating expenses (includes $5,000 depreciation)30,000
Accounts receivable beginning/ending balances$15,000 and $20,000
Inventory beginning/ending balances30,000 and 34,000
Accounts payable beginning/ending balances25,000 and 32,000
Accrued liabilities beginning/ending balances10,000 and 8,000
Required:

Using the direct method, prepare the operating activities section of Parnell's statement of cash flows. Omit the statement heading.
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
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dorkiexcicidorkiexcici
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A year ago
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mahan1994 Author
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A year ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
africa143
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Yesterday
Good timing, thanks!
Liarec
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2 hours ago
this is exactly what I needed
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