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Calculator The net income reported on the income statement for the current year was $268,998. Depreciation recorded on fixed assets and amortization of patents for
Calculator The net income reported on the income statement for the current year was $268,998. Depreciation recorded on fixed assets and amortization of patents for the year were $30,016 and $10,425, respectively. Balances of current asset and current liability accounts at the end and at the beginning of the year are as follows: End Beginning Cash $44,439 $63,211 Accounts Receivable 125,677 105,333 Inventories 106,117 90,284 Prepaid Expenses 2,976 7,344 52,536 73,660 Accounts Payable (merchandise creditors) What is the amount of cash flows from operating activities reported on the statement of cash flows prepared by the Indirect method? a $273,262 b. $256,506 c. $256,753 d. $339,442
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