Pettygrove Inc. reported the following data: Net income...............................................$387,900 Depreciation expense...................................41,150 Gain on disposal of equipment........................33,310 Decrease in

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Pettygrove Inc. reported the following data:
Net income...............................................$387,900
Depreciation expense...................................41,150
Gain on disposal of equipment........................33,310
Decrease in accounts receivable.......................22,930
Decrease in accounts payable..........................6,880
Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. Use the minus sign to indicate cash outflows, cash payments, decreases in cash and for any adjustments,
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Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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