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30) xyz Company reports net income of $195,000. The accounting records reveal loss on sale of Assets of $20,000, as well as increases in Prepaid
30) xyz Company reports net income of $195,000. The accounting records reveal loss on sale of Assets of $20,000, as well as increases in Prepaid Rent, Accounts Payable, and Income Tax Payable of $60,000, $23,000, and $40,000, respectively. Prepare the operating activities section of ABC Company's' statement of cash flows using the indirect method. (6 points) Answer: Cash Flows from Operating Activities
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