The iname statement of Toby zed company is presented here. Toby Zed Company Income Statement For the Year Ended November 30 2014 Sales revenue €7483,300 Cost of goods sold Beginning inventory E1.982,600 purchases 4,441,200 Goods available for sale 6423,800 Ending inventory 1,352,000 Total cost of goods sold 5,071,800 Gross profit 2,411,500 operating expenses 1,118,500 Net income €1,293,000 Additional information: 1. Accounts receivable increased €196,500 during the year, and inventory decreased €630,600. 2. Prepaid increased €176,500 during the year. 3. Accounts payable to suppliers of merchandise decreased the year. €337,400 during 4. Accrued expenses payable decreased €103,000 during the year. 5. Operating expenses include depreciation expense of €88,400. Prepare the operating activities section of the statement of cash flows for the year ended November 2014, for zed Company, using the indirect method. how amounts that decrease cash flow with either g. -15,000 or in parenthesis e g. (15,000).) Partial Statement of Cash Flows For the Year Eaded ember 30, 2014 Flows fro tin et Income Adjustments to reconcile net income to et Cash Provided by Ope increase in Account ase in inventory ncrease in Prepaid Expan rease in Accounts pay rease in Accrued Expe preciation Exoense Show transcribed image text The iname statement of Toby zed company is presented here. Toby Zed Company Income Statement For the Year Ended November 30 2014 Sales revenue €7483,300 Cost of goods sold Beginning inventory E1.982,600 purchases 4,441,200 Goods available for sale 6423,800 Ending inventory 1,352,000 Total cost of goods sold 5,071,800 Gross profit 2,411,500 operating expenses 1,118,500 Net income €1,293,000 Additional information: 1. Accounts receivable increased €196,500 during the year, and inventory decreased €630,600. 2. Prepaid increased €176,500 during the year. 3. Accounts payable to suppliers of merchandise decreased the year. €337,400 during 4. Accrued expenses payable decreased €103,000 during the year. 5. Operating expenses include depreciation expense of €88,400. Prepare the operating activities section of the statement of cash flows for the year ended November 2014, for zed Company, using the indirect method. how amounts that decrease cash flow with either g. -15,000 or in parenthesis e g. (15,000).) Partial Statement of Cash Flows For the Year Eaded ember 30, 2014 Flows fro tin et Income Adjustments to reconcile net income to et Cash Provided by Ope increase in Account ase in inventory ncrease in Prepaid Expan rease in Accounts pay rease in Accrued Expe preciation Exoense
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