Business, 29.10.2019 02:31, proxydayz

Spectacular corporation began the year with accountsreceivable, inventory, and prepaid expenses totaling $67,000. at the end of the year,

spectacular had a total of $78,000

for these current assets. at the beginning of the year, it owed current liabilities of $44,000,and at year-end, current liabilities totaled $43,000. net income for the year was $82,000. included in net income was a $3,000 gain on the sale of land and depreciation expense of $10,000.

show how spectacular should report cash flows from operating activities for the year. the company uses the indirect method

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Spectacular corporation began the year with accountsreceivable, inventory, and prepaid expenses tota...