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Create the cash flows from operating activities section

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Reference no: EM131820905

Problem

Ames Company reported 2014 net income of $153,450. During 2014, accounts receivable increased by $14,630 and accounts payable increased by $9,880. Depreciation expense was $42,050.

Prepare the cash flows from operating activities section of the statement of cash flows.

Reference no: EM131820905

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