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Bryant Company reports net income of $22,200. For the year, depreciation expense is $9,200 and the company reports a gain of $5,200 from sale
Bryant Company reports net income of $22,200. For the year, depreciation expense is $9,200 and the company reports a gain of $5,200 from sale of machinery. It also had a $4,200 loss from retirement of notes. Compute cash flows from operations using the indirect method. Note: Amounts to be deducted should be indicated by a minus sign. Cash Flows from Operating Activities (Indirect) Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash $ 0
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