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Brief Exercise 23-5 _ Bloom Corporation_ Statement of Cash Flows-Indirect Method (Partial)

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Question;Brief Exercise 23-5 _ Bloom Corporation_ Statement of Cash Flows-Indirect Method (Partial);Bloom Corporation had the following 2014 income;statement.;Sales revenue;$200,000;Cost of goods sold;120,000;Gross profit;80,000;Operating expenses (includes depreciation of;$21,000);50,000;Net income;$30,000;The following accounts increased during 2014: Accounts Receivable $12,000;Inventory $11,000, Accounts Payable $13,000. Prepare the cash flows from;operating activities section of Bloom?s 2014 statement of cash flows using the;indirect method.

 

Paper#37583 | Written in 18-Jul-2015

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