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book Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger cover

Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger

النسخة 6الرقم المعياري الدولي: 978-1305103962
book Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger cover

Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger

النسخة 6الرقم المعياري الدولي: 978-1305103962
تمرين 23
Operating Cash Flows
The income statement for Piura Merchandising Corporation is as follows:
Operating Cash Flows  The income statement for Piura Merchandising Corporation is as follows:     Other information is as follows: a. Accounts payable decreased by $20,000 during the year. b. Accounts receivable increased by $20,000. c. All wages were paid at the beginning of the year; at the end of the year, wages payable had a balance of $12,000. d. Prepaid insurance increased by $24,000 during the year. Refer to the information for Piura Merchandising Corporation above. Required:  Prepare a schedule that provides the operating cash flows for the year using the indirect method.
Other information is as follows:
a. Accounts payable decreased by $20,000 during the year.
b. Accounts receivable increased by $20,000.
c. All wages were paid at the beginning of the year; at the end of the year, wages payable had a balance of $12,000.
d. Prepaid insurance increased by $24,000 during the year.
Refer to the information for Piura Merchandising Corporation above.
Required:
Prepare a schedule that provides the operating cash flows for the year using the indirect method.
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Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger
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