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Sagot :
Lindsay Corporation had internet profits for 2021 of $3,000,000 are given below:
Net Income $3,000,000
Adjustments:
Depreciation $1,200,000
Amortization $240,000
Increase in AR ($540,000)
Increase in AP $420,000
Net Cash furnished with the aid of using Operating activities $four,320,000
· Note
No. Conceptual Notes
One Cash Flow Statement displays the Cash Inflows and Outflows all through a duration of time.
Two Effects of Non - Cash Transaction are adjusted from Net Income.
Three Depreciation Expense, Amortization prices are Added lower back to Net Income in Cash Flow Statement.
Four Decrease in Current Assets OR Increase in Current Liabilities are ADDED to Net Income
Five Increase in Current Assets OR Decrease in Current Liabilities are DEDUCTED from Net Income
A company, on occasion known as a C corp, is a criminal entity it is break away its proprietors. Corporations could make a profit, be taxed, and may be held legally liable. Corporations provide the most powerful safety to its proprietors from personal liability, however the fee to shape a company is better than different structures.
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