Prepare cash flows statement, use indirect method for operating cash flow.Question 4:XYZ Co. had the following information in 2020:Sales150000COGS80000Operating expenses (excluding depreciation)Interest expense3200080003000TaxesIncrease in Accounts receivableDecrease in inventoryIncrease in Accounts payableDecrease in other payablesIncrease in interest payableDecrease in tax payable700040005000350020001000Prepare operating cash flows using direct method.

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Prepare operating cash flows using direct method.

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 58PSB

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