the accounting records of fence up inc reveal the following net income 64 000 paymen 4374858

The accounting records of Fence Up, Inc. reveal the following: Net Income ………… $ 64,000 Payment of income tax …….. 20,000 Collection of dividend revenue ….. 7,000 Payment to suppliers …….. 36,000 Collections from customers ……. 113,000 Payment of salaries and wages ….. $30,000 Depreciation ………… 15,000 Payment of interest ……… 18,000 Payment of dividends ……… 7,000 Requirements 1. Compute cash flows from operating activities by the direct method. 2. Evaluate the operating cash flow of Fence Up, Inc. Give the reason for your evaluation. View Solution:
The accounting records of Fence Up Inc reveal the following Net

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