Question

Avenger Inc. reported the following data:
Net income ............. $270,000
Depreciation expense......... 30,000
Gain on disposal of equipment.... 24,600
Decrease in accounts receivable... 16,800
Decrease in accounts payable..... 4,320
Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method.



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  • CreatedFebruary 28, 2014
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