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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....

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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Abhinav 02-Dec-2019

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