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Prepare the operating activities section of the statement

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Reference no: EM133080616

Question - Kennedy, Inc., reported the following data:

Net income $149,712

Depreciation expense 13,465

Loss on disposal of equipment (10,286)

Gain on sale of building 20,863

Increase in accounts receivable 10,920

Decrease in accounts payable (3,222)

Required - Prepare the operating activities section of the statement of cash flows using the indirect method. Use the minus sign to indicate cash outflows, a decrease in cash, cash payments, or any negative adjustments.

Reference no: EM133080616

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