Business, 09.10.2019 21:30 igompers

Exercise 11-8a calculate operating activities—indirect method (lo11-3) hardware suppliers reports net income of $165,000. included in net income is a gain on the sale of land of $20,000. a comparison of this year’s and last year’s balance sheets reveals an increase in accounts receivable of $35,000, an increase in inventory of $20,000, and a decrease in accounts payable of $55,000. required: prepare the operating activities section of the statement of cash flows using the indirect method. (list cash outflows and any decrease in cash as negative amounts.)

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Exercise 11-8a calculate operating activities—indirect method (lo11-3) hardware suppliers reports ne...