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5. Please help me with all requirements! Thank you so much, I will upvote:) Ernest Corporation accountants have assembled the following data for the year
5. Please help me with all requirements! Thank you so much, I will upvote:)
Ernest Corporation accountants have assembled the following data for the year ended June 30, 2021 : (II) (Click the icon to view the data.) Prepare Ernest Corporation's statement of cash flows for the year ended June 30, 2021. The company uses the indirect method for operating activities. Begin by completing the cash flows from operating activities. Then complete the remaining sections of the cash flow statement. (Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in cash.) Ernest Corporation Statement of Cash Flows (Indirect Method) Year Ended June 30, 2021 Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash provided by (used for) operating activities: \begin{tabular}{|l|} \hline Depreciation \\ \hline Decrease in current assets other than cash \\ \hline Decrease in current liabilities \\ \hline \end{tabular} Net cash provided by (used for) operating activities Data tableStep by Step Solution
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