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An analysis of the machinery accounts of Newport Company for 2017 is as follows: The information concerning Newport's machinery accounts should be shown in Newport's
An analysis of the machinery accounts of Newport Company for 2017 is as follows: The information concerning Newport's machinery accounts should be shown in Newport's statement of cash flows (indirect method) for the year ended December 31,2017 , as a (n) subtraction from net income of $450,000 and a $250,000 decrease in cash flows from financing activities. addition to net income of $250,000 and a $450,000 decrease in cash flows from investing activities. $250,000 decrease in cash flows from investing activities. $450,000 increase in cash flows from financing activities
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