Ames Company reported 2023 net income of $151,000. During 2023, accounts receivable increased by $15,000 and accounts
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Ames Company reported 2023 net income of $151,000. During 2023, accounts receivable increased by $15,000 and accounts payable increased by $9,000. Depreciation expense was $44,000. 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
Intermediate Accounting Volume 1
ISBN: 9781119740469
13th Canadian Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
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