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Solved: Arundel Company Disclosed The Following Information For Its Recent Calendar Year. Exercise 12-3 Indirect: Reporting And Selected Year-End Balance Sheet Data Income Statement Data Interpreting

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Arundel Company disclosed the following information for its recent calendar year. Exercise 12-3 Indirect: Reporting and Selec
Required 1. Prepare the operating activities section of the statement of cash flows using the indirect method. 2. What were t


Arundel Company disclosed the following information for its recent calendar year. Exercise 12-3 Indirect: Reporting and Selected Year-End Balance Sheet Data Income Statement Data interpreting cash flows from operations $24,000 Accounts receivable decrease $100,000 Revenues 10,000 Purchased a machine for cash P2 Expenses Salaries payable increase.... . Other accrued liabilities decrease. 18,000 84,000 Salaries expense. 8,000 14,000 Utilities expense 14,600 Depreciation expense 3,400 Other expenses $(16,000) Net loss Required 1. Prepare the operating activities section of the statement of cash flows using the indirect method. 2. What were the major reasons that this company was able to report a net loss but positive cash flow from operations? 3. Of the potential causes of differences between cash flow from operations and net income, which the most important to investors? are Exerci i aanagch.current aesets and eurrent

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Answer: Part 1. Cash flows from operating activities Particulars Amount ($) Net profit $ (16,000) Add: Non cash expenses Depreciation $ 14,600 Add: Decrease in Account rec

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