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5 20448 Sook Nanning Company reports net income of $96,100. The accounting records reveal Depreciation Expense of $51,000 as well as increases in Prepaid
5 20448 Sook Nanning Company reports net income of $96,100. The accounting records reveal Depreciation Expense of $51,000 as well as increases in Prepaid Rent, Accounts Payable, and Income Tax Payable of $39,900, $24,200, and $20,900, respectively. Required: Prepare the operating activities section of Electronic Wonders' statement of cash flows using the indirect method. (Amounts to be deducted and negative values should be indicated by a minus sign.) NANNING COMPANY Statement of Cash Flows (partial) Cash Flows from Operating Activities Adjustments for noncash effects Changes in current assets and current liabilities Mc Graw Hitt Type here to search Net cash flows from operating activities
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