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Prepare stanley inc cash flows from the operating activities

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Reference no: EM132803936

Problem 1: Using the following data, prepare Stanley Inc.'s Cash Flows from the Operating Activities section of the statement of cash flows, using the indirect method.

Net income $525,000
Depreciation expense 82,500
Gain on disposal of equipment 14,600
Increase in accounts receivable 10,150
Decrease in accounts payable (3,300)

Reference no: EM132803936

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