Question: E12-6 (Static) Preparing and Evaluating a Simple Statement of Cash Flows (Indirect Method) [LO 12-2, LO 12-5] Suppose your company reports $160 of net income

E12-6 (Static) Preparing and Evaluating a Simple Statement of Cash Flows

E12-6 (Static) Preparing and Evaluating a Simple Statement of Cash Flows (Indirect Method) [LO 12-2, LO 12-5] Suppose your company reports $160 of net income and $40 of cash dividends paid, and its comparative balance sheet indicates the following. Required: 1. Prepare the operating activities section of the statement of cash flows, using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)

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