Question: Cash Flows from ( Used for ) Operating Activities The net income reported on the income statement for the current year was $ 2 9

 Cash Flows from (Used for) Operating Activities The net income reported
Cash Flows from (Used for) Operating Activities
The net income reported on the income statement for the current year was $290,000. Depreciation recorded on equipment and a building amounted to $150,500 for the year. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows:
\table[[,\table[[End],[of Year]],\table[[Beginning],[of Year]]],[Cash,$117,600,$135,000
on the income statement for the current year was $290,000. Depreciation recorded

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