ACC 560 MART Motivated Minds/acc560mart.com ACC 560 MART Motivated Minds/acc560mart.com | Page 69
Instructions
Complete the table indicating whether each item (1) affects operating
(O) activities, investing (I) activities, financing (F) activities, or is a
noncash (NC) transaction reported in a separate schedule, and (2)
represents a cash inflow or cash outflow or has no cash flow effect.
Assume use of the indirect approach.
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ACC 560 Week 10 Homework Chapter 14 (E14-4, E14-7,
E14-11)
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ACC 560 Week 10 Homework Chapter 14 (E14-4, E14-7, E14-11)
Chapter 14: Financial Statement Analysis
ACC 560 Week 10 Chapter 14 Exercises 4, 7, and 11
E14-4
The comparative condensed income statements of Emley Corporation
are shown below.
EMLEY CORPORATION
Comparative Condensed Income Statements