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Prepare the cash flows from operating activities

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Question - Net income of Mansfield Company was $43,000. The accounting records reveal depreciation expense of $78,000 as well as increases in prepaid rent, salaries payable, and income taxes payable of $58,000, $21,000, and $18,000, respectively. Prepare the cash flows from operating activities section of Mansfield's statement of cash flows using the indirect method.

Reference no: EM133175475

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