Question: Exercise 4-18 (Algo) Statement of cash flows; indirect method [LO4-8] Chew Corporation prepares its statement of cash flows using the indirect method of reporting operating

Corporation prepares its statement of cash flows using the indirect method of

Exercise 4-18 (Algo) Statement of cash flows; indirect method [LO4-8] Chew Corporation prepares its statement of cash flows using the indirect method of reporting operating activities. Net income for the 2024 fiscal year was $1,253,000. Depreciation expense of $143,000 was included with operating expenses in the income statement. The following information describes the changes in current assets and liabilities other than cash: Required: Prepare cash flows from operating activities for 2024. Note: Amounts to be deducted should be indicated with a minus sign. Required: Prepare cash flows from operating activities for 2024. Note: Amounts to be deducted should be indicated with a minus sign

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