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Bryant Co. reports net income of $21,800. For the year, depreciation expense is $8,800 and the company reports a gain of $4,800 from sale of
Bryant Co. reports net income of $21,800. For the year, depreciation expense is $8,800 and the company reports a gain of $4,800 from sale of machinery. It also had a $3,800 loss from retirement of notes. Compute cash flows from operations using the indirect method. (Amounts to be deducted should be indicated by a minus sign.) Cash Flows from Operating Activities (Indirect) Net income Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash Depreciation expense Gain on sale of machinery Loss on retirement of notes Cash provided by (used for) operating activities $ 0
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