When using the indirect method to prepare the statement of cash flows, net income is $25,000. There was a gain on disposal of an asset of $4,500,depreciation expense of $650, an increase in Accounts Receivable of $1 ,400, and a decrease in Accounts Payable of $2,600. What is the net cash flowfrom operating activities?

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To calculate the net cash flow from operating activities using the indirect method y... View the full answer