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Prepare stanley incs cash flows

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Question - 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: EM132842615

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