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DEF Corporation needs to prepare a statement of cash flows for the year ended December 31, 20XX, using the indirect method. The following information is
DEF Corporation needs to prepare a statement of cash flows for the year ended December 31, 20XX, using the indirect method. The following information is available:
- Net income: $200,000
- Depreciation expense: $50,000
- Increase in accounts receivable: $20,000
- Decrease in accounts payable: $30,000
- Gain on sale of equipment: $10,000
DEF Corporation needs to prepare a statement of cash flows for the year ended December 31, 20XX, using the indirect method. The following information is available:
- Net income: $200,000
- Depreciation expense: $50,000
- Increase in accounts receivable: $20,000
- Decrease in accounts payable: $30,000
- Gain on sale of equipment: $10,000
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Accounting Information Systems
Authors: Marshall B. Romney, Paul J. Steinbart
12th edition
132552620, 978-0132552622
