Question

Macrosoft Company reports net income of $75,000. The accounting records reveal depreciation expense of $90,000 as well as increases in prepaid rent, accounts payable, and income tax payable of $70,000, $10,000, and $23,000, respectively.
Prepare the operating activities section of Macrosoft’s statement of cash flows using the indirect method.



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  • CreatedJuly 15, 2014
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