Using the schedule of change from accrual basis to cash, Financial Management

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Using the schedule of change from accrual basis to cash

The income statement and other selected data for Frish Company follow:

2081_Table 2.jpg

Required

a. Prepare a schedule of change from accrual basis to cash basis income statement.

b. Using the schedule of change from accrual basis to cash basis income statement computed in (a), present the cash provided by operations, using (1) the direct approach and (2) the indirect approach.

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Financial Management: Using the schedule of change from accrual basis to cash

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Financial Management: Using the schedule of change from accrual basis to cash

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