Prepare operating activities section statement of cash flow, Accounting Basics

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Prepare operating activities section statement of cash flow

St. Joe's Inc. reported a $15,000 net loss for 2008. Below are the increases and decreases in selected accounts for 2006:
Accounts Receivable $10,000 increase
Inventory 2,000 decrease
Prepaid Expense 5,000 decrease
Accounts Payable 3,000 increase
Interest Payable 2,000 decrease
Accumulated Depreciation 8,000 increase
St. Joe's Inc. had no changes in its plant or equipment.

Required:
Prepare the operating activities section of the statement of cash flows for St. Joe's Inc. for 2008, using the indirect method.

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Accounting Basics: Prepare operating activities section statement of cash flow

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Accounting Basics: Prepare operating activities section statement of cash flow

Reference No:- TGS044992

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Recent Questions Asked Accounting Basics

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Ask an Expert for Answer!!

Accounting Basics: Prepare operating activities section statement of cash flow

Reference No:- TGS044992

Recent Questions Asked Accounting Basics

Q : How long will democratic republic of congo to catch up

Q : Computing the current price of bond

Q : Charitable contribution deduction basics

Q : Percentage of total inventory costs

Q : Prepare operating activities section statement of cash flow

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Q : How much money should you invest each year

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