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Income and Cash Flow Statement Analysis by thatgirlgianna is a document available to read on EtoBox.

Sales were $70 and expenses were $40, leaving net income of $25 after $5 in depreciation. Equipment was sold for $25 that cost $22 with $7 in accumulated depreciation, resulting in a $10 gain. Taxes of $14 were paid, and the direct cash flow statement showed a net cash flow of $41 while the indirect method showed $31 after accounting for non-cash depreciation and the equipment sale gain.

Author

thatgirlgianna

Language

EN