Question: Laser World reports net income of $550,000. Depreciation expense is $40,000, accounts receivable increases $10,000, and accounts payable decreases $20,000. Calculate net cash flows from

Laser World reports net income of $550,000. Depreciation expense is $40,000, increases $10,000, and decreases $20,000. Calculate net cash flows from operating activities using the indirect method.

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