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Question - Cemptex Corporation prepares its statement of cash flows using the indirect method to report operating activities. Net income for the 2021 fiscal year was $639,000. Depreciation and amortization expense of $90,000 was included with operating expenses in the income statement. The following information describes the changes in current assets and liabilities other than cash:
Decrease in accounts receivable $25,000
Increase in inventory 9,500
Increase in prepaid expenses 8,800
In salaries payable 10,300
Decrease in income taxes payable 14,000
Required - Prepare the operating activities section of the 2021 statement of cash flows.
The Temple Toy Company has decided to manufacture a new toy tractor, the production of which is broken into six steps. The demand for the tractor is 4,800 units per 40-hour workweek. a) Draw a precedence diagram of this operation
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srb corp. is considering purchasing one of two new diagnostic machines. either machine would make it possible for the
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