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During 2021, Novak Corporation earned a profit of $680,350. Depreciation expense was $113,600. Equipment was sold at a gain of $20,350. Prepare the operating activities
During 2021, Novak Corporation earned a profit of $680,350. Depreciation expense was $113,600. Equipment was sold at a gain of $20,350. Prepare the operating activities section of the statement of cash flows, using the indirect method. (Show amounts that decrease cash flow with either o- signes -15,000 or in parenthesis eg (15,000).) Novak Corporation Partial Statement of Cash Flows HER $ Adjustment to reconcile profit to net cash provided by operating activities: > > > >
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