Prepare the cash flows from operating activities

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Question - Carbon Co. had the following 2019 Income Statement; Sales Revenue: $200,000 Cost of Goods Sold: 120,000 Gross Profit: 80,000 Operating Expense: 50,000 Net income: 30,000. The following account increased during 2019: account receivable $12,000, inventory $11,000, and account payable $13,000 and operating expense includes depreciation of $21,000. Prepare the cash flows from operating activities sections of Carbon's statement of cash flow using the direct method?

Reference no: EM133005980

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