The Avett Brothers had net income of $225,000 for the year just ended. The following information was available from The Avett Brothers recent year. Decrease in inventory $30,000 Depreciation Expense 12,000 Decrease in accounts receivable 26,000 Increase in accounts payable 17,000 Decrease in taxes payable 6,000 Loss from sale of equipment 8,000 The Avett Brothers' net cash flow from operations using the indirect method was $312,000 $200.000
The Avett Brothers had net income of $225,000 for the year just ended. The following information was available from The Avett Brothers recent year. Decrease in inventory $30,000 Depreciation Expense 12,000 Decrease in accounts receivable 26,000 Increase in accounts payable 17,000 Decrease in taxes payable 6,000 Loss from sale of equipment 8,000 The Avett Brothers' net cash flow from operations using the indirect method was $312,000 $200.000
Chapter10: Inventory
Section: Chapter Questions
Problem 15EB: Tanke Company reported net income on the year-end financial statements of $850,200. However, errors...
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Indirect method.
ignore the red marks it was another problem.
this is practice just want to check my work
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