The records of Mortons Color Engraving reveal the following: Compute cash flows from operating activities by the
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The records of Morton’s Color Engraving reveal the following:
Compute cash flows from operating activities by the indirect method for year ended December 31, 2025.
Transcribed Image Text:
Net income Net sales revenue Loss on sale of land Acquisition of land $ 38,000 Depreciation expense 51,000 Decrease in current liabilities 5,000 Increase in current assets other than cash 39,000 $ 4,000 28,000 14,000
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