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Prepare the operating activities section

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Question - Electronic Wonders reports net income of...

Electronic Wonders reports net income of $95,000. The accounting records reveal Depreciation Expense of $50,000 as well as increases in Prepaid Rent, Accounts Payable, and Income Tax Payable of $40,000, $23,000, and $20,000, respectively.

Prepare the operating activities section of Electronic Wonders' statement of cash flows using the indirect method.

Reference no: EM132038123

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