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Home Q & A Board Other Fields Homework Help Business Accounting
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Tomm Tomm
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6 years ago
Omemee Company had the following transactions during the year:

Net Loss   ($36,000)
depreciation   $28,000
Increase in accounts receivable   $35,000
Decrease in inventories   $14,500
Increase in accounts payable   $34,000
Decrease in income taxes payable   $6,700
Decrease in wages payable   $1,800
Proceeds on Sale of Equipment   $380,000
Repayment of bonds   $250,000
Issuance of Common shares.   $100,000
Proceeds on sale of land   $150,000
Gain on sale of land   $20,000
Payment of dividends.   $10,000

Determine the cash flows from operations under ASPE:
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Financial Accounting, Canadian Edition

Financial Accounting, Canadian Edition


Edition: 5th
Authors:
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msayed2004msayed2004
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6 years ago
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3 years ago
Great job
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