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Prepare operating activities section of the statement

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Question - Alfonza Incorporated presents its statement of cash flows using the indirect method. The following accounts and corresponding balances were drawn from the company's 2017 and 2016 yearend balance sheets:

Account Title

2017

2016

Accounts receivable

$14,700

$17,800

Accounts payable

7,250

9,950

The 2017 income statement showed net income of $25,300.

Required - Prepare the operating activities section of the statement of cash flows.

Reference no: EM132464876

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