ACC 291 Wk 5 Individual Exercise

May 7th, 2015
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ACC 291 Wk 5 Individual Exercise

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Exercise E13-8Taguchi CompanyStatement of Cash flows-Indirect methodFor the year ended in December 31,2011Cash Flows from operating activitiesNet income103,000Adjustments to receive net income to net cashprovided by operating cash activities:Increase in accounts receivable (9,000)Decrease in inventory 19,000Decrease in accounts payable 8,00018,000Net cash provided by operating activities121,000Cash flows from investing activitiesSale of land

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