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Company uses the indirect method to prepare the statement of cash flows. Refer to the following income statement and additional information form the balance sheet:
Company uses the indirect method to prepare the statement of cash flows. Refer to the following income statement and additional information form the balance sheet:
Refer to the following income statement and additional information form the balance sheet: Sales Reven Interest Revenue $275,000 2.600 Total Revenue Cost of Goods Sold Salary Expense Depreciation Expense Loss on Sale of Plant Asset Other Expense $277,600 $135,000 66,500 32,000 2,000 14,800 Total Expense Net Income 250 300 $27,300 Current assets other than cash decreased by $25,000 liabilities increased by $3,000 Compute the cash flows provided by or (used for)_operating activities.. Indicate it as a provided by amount with a positive number and used for amount with a negative numberStep by Step Solution
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