calculate cash operating activities using indirect method putul only
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help homework phyllis young onlyMarch 2, 2021i need help quiz asapMarch 2, 2021 The following information is from the comparative balance sheets of Discovery Tech Corporation at June 30, 2011 AND 2010(IN THOUSANDS) AT June 30 2011 2010Current Assets: Cash $2,750 $2,115Accounts Receivable 3,000 2,750Inventory 1,700 1,025Prepaid Insurance 270 320Total Current Assets $7,720 $6,210 Current LiabilitieisAccounts payable $1,800 $1,750Salaries Payable $3,750 $3,150Total Current Liabilities $5,550 $4,900Net income for the year ended Jan 30, 2011, was $425,000. Depreciation expense of $105,000 was included in the operating expenses for the year. RequirementUse the indirect method to prepare the cash from operations section of the statement of cash flows for Discovery Tech Corportation for the year ended June 30, 2011 NB: We do not resell papers. Upon ordering, we do an original paper exclusively for you. “Is this question part of your assignment? We Can Help!”
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