hown below are the balances of selected accounts of Fun Limited. 1 Jan 2021 $241,500 $252,000 $63,000 31 Dec 2021 Accounts receivable Inventory Prepaid rent Accounts payable Salaries payable Net sales Cost of goods sold Operation expenses (including depreciation of $94,500) Gain from sale of equipment $273,000 $262,000 $67,200 $237,300 $66,150 $3,097,500 $1,627,500 $367,500 $10,000 $221,550 $72,450 repare the partial statement of cash flow for the year ended 31 December 2021, showing the omputation of net cash from operating activities by indirect method.

hown below are the balances of selected accounts of Fun Limited. 1 Jan 2021 $241,500 $252,000 $63,000 31 Dec 2021 Accounts receivable Inventory Prepaid rent Accounts payable Salaries payable Net sales Cost of goods sold Operation expenses (including depreciation of $94,500) Gain from sale of equipment $273,000 $262,000 $67,200 $237,300 $66,150 $3,097,500 $1,627,500 $367,500 $10,000 $221,550 $72,450 repare the partial statement of cash flow for the year ended 31 December 2021, showing the omputation of net cash from operating activities by indirect method.

Name: Shown below are the balances of selected accounts of Fun Limited.Jan
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Description: Shown below are the balances of selected accounts of Fun Limited.Jan 2021$241,500$252,000$63,000$221,550$72,45031 Dec 2021Accounts receivableInventoryPrepaid rentAccounts payableSalaries payableNet salesCost of goods soldOperation expenses (includin

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 24CE

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