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ces ww For the year just completed, Hanna Company had net income of $35,000. Balances in the company's current asset and current liability accounts
ces ww For the year just completed, Hanna Company had net income of $35,000. Balances in the company's current asset and current liability accounts at the beginning and end of the year were as follows: Current assets: Cash and cash equivalents Accounts receivable Inventory Prepaid expenses Current liabilities: Accounts payable Accrued liabilities: Income taxes payable Beginning of Year December 31 End of Year $ 30,000 $ 125,000 $213,000 $ 6,000 $ 210,000 $ 4,000 $ 34,000 $ 40,000 $ 106,000 $ 180,000 $ 7,000 $ 195,000 $ 6,000 $ 30,000 The Accumulated Depreciation account had total credits of $20,000 during the year. Hanna Company did not record any gains or losses during the year. Required: Using the indirect method, determine the net cash provided by operating activities for the year. (List any deduction in cash outflows as negative amounts.) Hanna Company Statement of Cash Flows-Indirect Method (partial) < Prev 2 of 5 Next >
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