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METLOCK INC | ||
Cash Flow Statement | ||
For the Year Ended December 31, 2017 | ||
Cash flows from operating activities | ||
Net Income | $ 446,050 | |
Adjustments for non cash effects: | ||
Depreciation | $ 852,000 | |
Loss on sale of equipment | $ 13,000 | |
Changes in operating assets and liabilities | ||
Increase in accounts receivable | $ (175,000) | |
Decrease in Inventory | $ 28,000 | |
Increase in Accounts Payable | $ 23,000 | |
$ 741,000 | ||
Net cash provided by operating activities | $ 1,187,050 |
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Question 1 The income statement for the year ended December 31, 2017, for Metlock Manufacturing Company...
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