# Question

Changes in current asset and current liability accounts for the year that relate to operations
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The following income statement and information about changes in noncash current assets and current liabilities are reported.
Accounts receivable . . . . . . . . . . \$ 30,500 increase
Accounts payable . . . . . . . . . . . . \$ 12,500 decrease
Merchandise inventory . . . . . . . . 25,000 increase
Salaries payable . . . . . . . . . . . . . 3,500 decrease

Required
Prepare only the cash flows from operating activities section of the statement of cash flows using the indirectmethod.

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• CreatedNovember 26, 2013
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