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E Menu Cash Flow from Operating Activities (Indirect Method) Cairo Company had a $25,000 net loss from operations. Depreciation expense for the year was $8,600,
E Menu Cash Flow from Operating Activities (Indirect Method) Cairo Company had a $25,000 net loss from operations. Depreciation expense for the year was $8,600, and a dividend of $6,000 was declared and paid. The balances of the current asset and current liability accounts at the beginning and end of the year are as follows: inciples ing End Beginning S4,900 9,800 Accounts receivable 22,400 35,000 70,000 74,200 Prepaid expenses 8,400 12,600 11,200 10,640 Cash Inventory Accounts payable 16,800 Accrued liabilities 7,000 Did Cairo Company's operating activities provide or use cash? Use the indirect method to determine your answer Use negative signs with cash outflow answers. et Loss
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