ANSWERS TO QUESTIONS

Another way to compute this amount, given the information, is that beginning current assets plus the $29,000 increase in current assets other than cash plus the $32,500 increase in cash equals $296,500. EXERCISE 5-18 (25–35 minutes) (a) Madrasah Corporation Statement of Cash Flows For the Year Ended December 31, 2007 Cash flows from operating ... ................
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