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Woodlock Company reports the following information for its recent calendar year. Sales....

Woodlock Company reports the following information for its recent calendar year. Sales.................................................$80,000 Expenses Cost of goods sold....................$50,000 Salaries expenses.....................$12,000 Depreciation expense................$ 6,000 Net income........................................$12,000 Accounts Receivable increase.....$ 5,000 Inventory Decrease.........................$ 8,000 Salaries Paayable Increase.........$ 500 1. Prepare the operating activities section of the statement of cash flows for Woodlock Company using the indirect method.
 
 
 

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Dec 02 2019 View more View Less

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