Question: solve Ohio, Inc. uses the indirect method to prepare the statement of cash flows. Refer to the following income statement: Ohio, Inc. Income Statement Year
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Ohio, Inc. uses the indirect method to prepare the statement of cash flows. Refer to the following income statement: Ohio, Inc. Income Statement Year Ended December 31, 2024 Revenues and Gains: Sales Revenue $156,000 Interest Revenue 6,400 Total Revenues and Gains $162,400 Expenses and Losses: Cost of Goods Sold $120,000 Salary Expense 20,000 Depreciation Expense 7,000 O A. $10,800 O B. $(32,400) O C. $10,200 O D. $(4,900)Step by Step Solution
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