1. Presented below are the condensed financial statements for the Timberland Mountain Company: Cash Accounts receivable

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1. Presented below are the condensed financial statements for the Timberland Mountain Company: Cash Accounts receivable

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1 Presented Below Are The Condensed Financial Statements For The Timberland Mountain Company Cash Accounts Receivable 1
1 Presented Below Are The Condensed Financial Statements For The Timberland Mountain Company Cash Accounts Receivable 1 (63.01 KiB) Viewed 98 times
1. Presented below are the condensed financial statements for the Timberland Mountain Company: Cash Accounts receivable Inventory Marketable securities Equipment, net Goodwill Total assets Year 2 $ 7,050 13,750 16,700 12,950 53,500 18,000 $121,950 Year 1 $ 9,800 14,700 14,200 8,700 55,500 22.000 $124,900 Accounts payable $ 10,500 Income taxes payable 5,000 Common stock 58,500 Retained earnings 47.950 Total liabilities & shareholders' equity $121,950 $ 13,500 9,650 54,750 47.000 $124,900 Sales Cost of goods sold Depreciation expense Other operating expenses Impairment of goodwill Gain on sale of equipment* Income taxes expense Net income $145,000 42,000 14,700 23,000 4,000 3,000 15,000 $ 49,300 The book value of the equipment sold was $14,250 Required: Provide the following amounts that would appear on an indirect method statement of cash flows for Year 2 for Timberland Mountains Company: A. Net cash provided (used) by operating activities: B. Net cash provided (used) by investing activities: C. Net cash provided (used) by financing activities:
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