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asap Nanning Company reports net income of $96.900 The accounting records reveal Depreciation Expense of $51.700 as well as increases in Prepaid Rent Accounts Payable,
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Nanning Company reports net income of $96.900 The accounting records reveal Depreciation Expense of $51.700 as well as increases in Prepaid Rent Accounts Payable, and Income Tax Payable of $39,900, $24.600, and $21100, 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.) 05:35 NANNING COMPANY Statement of Cash Flows (partial) Cash Flows from Operating Activities: Net income Adjustments for noncash effects. Depreciation expense Changes in current assets and current liabilities: Net cash flows from operating activitiesStep by Step Solution
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