Hocking corporations comparative balance sheet appears

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Reference no: EM13480193

Hocking Corporation's comparative balance sheet appears below: The company's net income for the year was $10,000 and its cash dividends were $1,000. It did not sell or retire any property, plant, and equipment during the year. The company uses the indirect method to determine the net cash provided by operating activities. Which of the following is correct regarding the operating activities section of the statement of cash flows?

Reference no: EM13480193

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