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    preparing the income statement

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    Need help preparing the income statement and in estimating the cash from operations.

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    Solution Preview

    Hi there,

    Please see the attached Excel worksheet.

    Assumptions: 9%
    It is assumed that admin depreciation is 9% of administrative cash, thus when administrative cash increased by 8%, so did admin ...

    Solution Summary

    This question involves the fundamentals of accounting. The income statements are compared.