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The final paper will be based on Appendix 6C Illustrative Audit Case- (3).docx
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The following income statement and information about changes in noncas.docx
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The following income statement and information about changes in noncash current assets and current liabilities are reported. Solution Hi, Please find the detailed answer as follows: Answer is $438505 . Thanks. .
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The following income statement and information about changes in noncas.docx
- The following income statement and information about changes in noncash current assets and current liabilities are reported. The following income statement and information about changes in noncash current assets and current liabilities are reported. Solution Hi, Please find the detailed answer as follows: Answer is $438505 . Thanks. Net Income 490776 Add Depreciation 37752 Amortization 4719 Less Gain on Sale of Equipment -6292 Increase in Accounts Receivable -45100 Increase in Merchandise Inventory -26825 Decrease in Accounts Payable -11725 Decrease in Salaries Payable -4800 Cash Flow from Operating Activities 438505
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