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MOSS COMPANY Selected Balance Sheet Information December 31, 2017 and 2016 2017 2016 Current assets...

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Accounting

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MOSS COMPANY Selected Balance Sheet Information December 31, 2017 and 2016 2017 2016 Current assets Cash $86,150 $28,300 Accounts receivable 26,500 35,000 Inventory 61,500 54,400 Current liabilities Accounts payable 33,400 27,200 Income taxes payable 2,200 2,500 MOSS COMPANY Income Statement For Year Ended December 31, 2017 Sales $530,000 Cost of goods sold 337,600 Gross profit 192,400 Operating expenses Depreciation expense $ 39,000 Other expenses 123,500 162,500 Income before taxes 29,900 Income taxes expense 9,900 Net income $ 20,000 Use the information above to calculate this company's cash flows from operating activities using the indirect method. (Amounts to be deducted should be indicated by a minus sign.) Cash flows from operating activities: Adjustments to reconcile net income to operating cash flow

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