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Survey of Accounting (Accounting I)

8th Edition
Carl Warren
Publisher: Cengage Learning
ISBN: 9781305961883
BuyFind

Survey of Accounting (Accounting I)

8th Edition
Carl Warren
Publisher: Cengage Learning
ISBN: 9781305961883

Solutions

Chapter
Section
Chapter 4, Problem 4.6.2P
Textbook Problem

Appendix Statement of cash flows using indirect method
For the year ending March 31, 20Y5, Omega Systems Inc. reported net income of $105,450 and paid dividends of $7,500. Comparative balance sheets as of March 31. 20Y5 and 20Y4. are as follows:

Chapter 4, Problem 4.6.2P, Appendix Statement of cash flows using indirect method For the year ending March 31, 20Y5, Omega , example  1

Chapter 4, Problem 4.6.2P, Appendix Statement of cash flows using indirect method For the year ending March 31, 20Y5, Omega , example  2

Instructions

Why is depreciation added to net income in determining net cash flows from operating activities? Explain.

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Chapter 4 Solutions

Survey of Accounting (Accounting I)
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