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Business, 25.06.2019 08:50 babiezoe15

The current sections of cullumber company’s balance sheets at december 31, 2016 and 2017, are presented here. cullumber company’s net income for 2017 was $162,639. depreciation expense was $28,701. 2017 2016 current assets cash $111,615 $ 105,237 accounts receivable 85,040 94,607 inventory 178,584 182,836 prepaid expenses 28,701 23,386 total current assets $403,940 $406,066 current liabilities accrued expenses payable $ 15,945 $ 5,315 accounts payable 90,355 97,796 total current liabilities $106,300 $ 103,111 prepare the net cash provided (used) by operating activities section of the company’s statement of cash flows for the year ended december 31, 2017, using the indirect method. (show amounts that decrease cash flow with either a - sign e. g. -15,000 or in parenthesis e. g. (15,

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The current sections of cullumber company’s balance sheets at december 31, 2016 and 2017, are presen...
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