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Make the cash flows from operating activities section

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Reference no: EM132970331

Cash Flows from Operating Activities-Indirect Method

Staley Inc. reported the following data:

Net income$360,400

Depreciation expense 75,300

Loss on disposal of equipment 23,900

Increase in accounts receivable 24,800

Increase in accounts payable 12,800

Problem 1: Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method.

Reference no: EM132970331

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