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Prepare operating activities section of macrosoft statement

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Question - Macrosoft Company reports net income of $61,000. The accounting records reveal depreciation expense of $76,000 as well as increases in prepaid rent, accounts payable, and income tax payable of $56,000, $11,000, and $16,000, respectively.

Prepare the operating activities section of Macrosoft's statement of cash flows using the indirect method.

Reference no: EM132101517

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