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ke a statement of cash flows (indirect method)   costs of goods sold is 10,000

ke a statement of cash flows (indirect method)   costs of goods sold is 10,000

College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter12: Financial Statements, Closing Entries, And Reversing Entries
Section: Chapter Questions
Problem 3E: Identify each of the following items relating to sections of an income statement as Revenue from...
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make a statement of cash flows (indirect method)

 

costs of goods sold is 10,000
 
A Aa A A V 171 E Short-term investments Selling expenses Sales revenue Inventory Interest payable Interest expense Income taxes payable Income tax expense Dividends E = = - Depreciation expense Deferred revenue Retained earnings Restricted cash to pay notes payable in 2023 Prepaid rent Notes payable (due 12/31/2023) Pendafwandeld Accessibility: Unavailable. BAL Machinery Loss from discontinued operations, net of taxes Land investment to be sold in 2024 Paragraph OLDO Y Darren Corporation Emphasis Adjusted Trial Balance December 31, 2021 Debits Credits 2,000 2,400 1,500 2,500 12,500 1,500 5,000 4,800 150 1,600 1,500 1,600 Heading 1 +An^^ 23,325 4,225 10,000 100 2,750 3,500 O Styles Post-Closing Trial Balance December 31, 2020 Debits Credits 1,200 0 3,000 10,000 5,000 3,000 4,225 0 0 4,500 5,125 Normal Focus 2
Transcribed Image Text:A Aa A A V 171 E Short-term investments Selling expenses Sales revenue Inventory Interest payable Interest expense Income taxes payable Income tax expense Dividends E = = - Depreciation expense Deferred revenue Retained earnings Restricted cash to pay notes payable in 2023 Prepaid rent Notes payable (due 12/31/2023) Pendafwandeld Accessibility: Unavailable. BAL Machinery Loss from discontinued operations, net of taxes Land investment to be sold in 2024 Paragraph OLDO Y Darren Corporation Emphasis Adjusted Trial Balance December 31, 2021 Debits Credits 2,000 2,400 1,500 2,500 12,500 1,500 5,000 4,800 150 1,600 1,500 1,600 Heading 1 +An^^ 23,325 4,225 10,000 100 2,750 3,500 O Styles Post-Closing Trial Balance December 31, 2020 Debits Credits 1,200 0 3,000 10,000 5,000 3,000 4,225 0 0 4,500 5,125 Normal Focus 2
on Compatibility Mode Saved to this PC References Mailings Review View Help A A Aa AEE-5 N¶ A. A- Y V FS Inventory Interest payable Interest expense Income taxes payable Income tax expense Dividends Depreciation expense Deferred revenue Cost of goods sold Copyrights Common stock Cash and cash equivalents Amortization expense Allowance for uncollectible accounts Paragraph Administrative expenses Accumulated depreciation - machinery Accounts receivable Accounts payable Accessibility: Unavailable Search (Alt+Q) V Y LA ✰ Emphasis 4,800 150 1,600 1,500 1,600 10,000 4,700 9,200 300 1,500 5,000 Heading 1 100 2,750 3,500 15,000 C 250 3,600 Styles 3,000 5,000 2,500 4,000 5,000 67,750 67,750 33,700 4,500 5,125 10,000 250 0 3,000 6,600 33,700 Normal Cynt Focus
Transcribed Image Text:on Compatibility Mode Saved to this PC References Mailings Review View Help A A Aa AEE-5 N¶ A. A- Y V FS Inventory Interest payable Interest expense Income taxes payable Income tax expense Dividends Depreciation expense Deferred revenue Cost of goods sold Copyrights Common stock Cash and cash equivalents Amortization expense Allowance for uncollectible accounts Paragraph Administrative expenses Accumulated depreciation - machinery Accounts receivable Accounts payable Accessibility: Unavailable Search (Alt+Q) V Y LA ✰ Emphasis 4,800 150 1,600 1,500 1,600 10,000 4,700 9,200 300 1,500 5,000 Heading 1 100 2,750 3,500 15,000 C 250 3,600 Styles 3,000 5,000 2,500 4,000 5,000 67,750 67,750 33,700 4,500 5,125 10,000 250 0 3,000 6,600 33,700 Normal Cynt Focus
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