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Prepare the cash flows from operating activities

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Reference no: EM132691727

Problem - Demers Inc. reported the following data:

Net income $490,000

Depreciation expense 52,000

Gain on disposal of equipment 26,500

Decrease in accounts receivable 32,400

Decrease in accounts payable 12,350

Prepare the Cash flows from operating activities section of the statement of cash flows, using the indirect method.

Reference no: EM132691727

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