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Zumbrunn Company s income statement contained the following condensed information. Zumbrunn s balance sheets contained the comparative data at December 31 shown below

Zumbrunn Company s income statement contained the following condensed information. Zumbrunn s balance sheets contained the comparative data at December 31, shown below. __________________________________________2019 2018 Accounts receivable....................................$75,000.........$65,000 Accounts payable.........................................46,000...........28,000 Income taxes payable....................................11,000.............7,000 Accounts payable pertain to operating expenses. Instructions Prepare the operating activities section of the statement of cash flows using the indirect method.

Apr 05 2020 Read more Less More

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