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Prepare the cash flows from operating activities

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Reference no: EM132683808

Problem - Cash flows from operating activities-indirect method

Salem Inc. reported the following data:

Net income $168,750

Depreciation expense 18,750

Gain on disposal of equipment 15,375

Decrease in accounts receivable 10,500

Decrease in accounts payable 2,700

Required - Prepare the Cash Flows from Operating Activities section of the statement of cash flows using the indirect method.

Reference no: EM132683808

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