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Chelsea company had net income of 198,000 in 2020. Depreciation expense for the year is 50500. during the year, accounts receivable increased 8500 and prepaid
Chelsea company had net income of 198,000 in 2020. Depreciation expense for the year is 50500. during the year, accounts receivable increased 8500 and prepaid expenses decreased 1500. The company also sold equipment at a loss of 3500. Calculate the net cash flows from operating activities using the indirect method.
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