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Brief Exercise 5-13 Flint Company reported 2017 net income of $160,000. During 2017, accounts receivable increased by $14,770 and accounts payable increased by $9,625. Depreciation
Brief Exercise 5-13 Flint Company reported 2017 net income of $160,000. During 2017, accounts receivable increased by $14,770 and accounts payable increased by $9,625. Depreciation expense was $47,200. Prepare the cash flows from operating activities section of the statement of cash flows. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) FLINT COMPANY Cash Flow Statement Adjustments to reconcile net income to
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