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Question - Company A uses indirect method to prepare its statement of cash flows. The following information was pulled from the company's comparative balance sheet:
2014
2013
Cash
$21,000
$18,000
Accounts receivable
31,000
35,000
Inventory
53,000
25,000
Net property, plant, and equipment
120,000
90,000
Required - During the year equipment costing $52,000 was purchased for cash, equipment with a net book value of $10,000 was sold for $14,000, and depreciation expense of $12,000 was recorded. Determine the cash flow provided by investing activities?
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At December 31, 2017, Christel Madan determines that its ending inventory is $64,500. Compute Christel Madan's 2017 gross profit
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A corporation issued bonds on January 1, 2018 with the following terms: Market Rate of Interest 10%. What is the amount of cash interest payments
An oil and gas investor is considering the acquisition of two fields.
Consider the different types of capacity constraints that might be involved with the business
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