Calculate cash from operating activities using the indirect method. (LO 5) The information shown comes from the
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Calculate cash from operating activities using the indirect method. (LO 5)
The information shown comes from the balance sheets of Walker Corporation at September 30,2008 and 2007.
Net income for the year ended September 30,2008 , was \(\$ 146,000\). Included in the operating expenses for the year was depreciation expense of \(\$ 112,000\).
\section*{Required}
Prepare the cash from operating activities section of Walker Corporation's statement of cash flows for the year ended September 30, 2008. Use the indirect method.
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