Question: Cash Flow Statement Preparation (Indirect Method): Prepare a cash flow statement for Coca-Cola Company for the year ended December 31, 2023, using the indirect method,
Cash Flow Statement Preparation (Indirect Method): Prepare a cash flow statement for Coca-Cola Company for the year ended December 31, 2023, using the indirect method, with the following information:
- Net Income: $10 million
- Depreciation Expense: $2 million
- Increase in Accounts Receivable: $1 million
- Decrease in Inventory: $500,000
- Increase in Accounts Payable: $700,000
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