Solution-What amount would appear in the category titled

What amount would appear in the category titled cash flow

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Question - Depreciation and Cash Flow - O'hare Company's only asset as of January 1, 2017, was a limousine. During 2017, only the following three transactions occurred:

Services of $81,000 were provided on account.

All accounts receivable were collected.

Depreciation on the limousine was $15,600.

If O'hare developed a cash flow statement for 2017 using the indirect method, what amount would appear in the category titled Cash Flow from Operating Activities?

Reference no: EM133124043

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What amount would appear in the category titled cash flow

Reference no: EM133124043

Reference no: EM133124043

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