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Destiny Corporation is preparing its statement of cash flows by the indirect method. Destiny has the following items for you to consider in preparing the
Destiny Corporation is preparing its statement of cash flows by the indirect method. Destiny has the following items for you to consider in preparing the statement (Click the icon to view the items) Identify each item as a(n): Operating activity-addition to net income (O) or subtraction from not incorre (0) Investing activity cash inflow (L.) or cash outlow (1) Financing activity-cash inflow (F.) or cash outflow (F) Activity that is not used to prepare the indirect statement of cash flows (N) . Increase in accounts payable
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