Compute Cash Provided by Operating Activities pare a partial statement of cash flows reporting cash...
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Compute Cash Provided by Operating Activities pare a partial statement of cash flows reporting cash provided by operating activities for the year ended December 31, 20-2. Use a minus indicate any decreases in cash or cash outflows Horn Company's condensed income statement for the year ended December 31, 20-2, was as follows: Net sales Cost of goods sold Gross profit Operating expenses Operating income Other revenues and expenses: $1,191,000 751,000 $440,000 134,000 $306,000 Interest revenue Interest expense Income before taxes Income tax expense $300 (1.200) (900) $305,100 106,785 $198,315 Net income
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