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The accounting records of Fence Up Inc reveal the following Net Income $ 64000 Payment of income tax

The accounting records of Fence Up, Inc. reveal the following: Net Income ………… $ 64,000 Payment of income tax …….. 20,000 Collection of dividend revenue ….. 7,000 Payment to suppliers …….. 36,000 Collections from customers ……. 113,000 Payment of salaries and wages ….. $30,000 Depreciation ………… 15,000 Payment of interest ……… 18,000 Payment of dividends ……… 7,000 Requirements 1. Compute cash flows from operating activities by the direct method. 2. Evaluate the operating cash flow of Fence Up, Inc. Give the reason for your evaluation

Mar 16 2020 View more View Less

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