Avenger Inc. reported the following data: Net income ............. $270,000 Depreciation expense......... 30,000 Gain on disposal of
Question:
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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Related Book For
Corporate Financial Accounting
ISBN: 978-1133952411
12th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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