Tamarisk Corporation had the following 2017 income statement. Sales revenue ...
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Accounting
Tamarisk Corporation had the following 2017 income statement.
Sales revenue
$183,000
Cost of goods sold
118,000
Gross profit
65,000
Operating expenses (includes depreciation of $19,000)
45,000
Net income
$20,000
The following accounts increased during 2017: Accounts Receivable $13,000, Inventory $11,000, Accounts Payable $13,000. Prepare the cash flows from operating activities section of Tamarisks 2017 statement of cash flows using the indirect method.
Tamarisk Corporation Statement of Cash Flows-Indirect Method (Partial) December 31, 2017 Cash Flows from Operating Activitles Net Income Adjustments to reconcile net income to
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