Net income for the year was 13000 prepare the operating and


Preparing the Statement of Cash Flows - Wexler Company had the following activities for the year ended December 31, 2012: Sold land that cost $18,000 for $18,000 cash; purchased $181,000 of equipment, paying $156,000 in cash and signing a note payable for the rest; and recorded $5,500 in depreciation expense for the year. Net income for the year was $13,000. Prepare the operating and investing sections of a statement of cash flows for the year based on the data provided. Exercise

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Accounting Basics: Net income for the year was 13000 prepare the operating and
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