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Exercise 1 2 - 3 ( Algo ) Indirect: Reporting cash flows from operations LO P 2 Arundel Company disclosed the following information for its
Exercise Algo Indirect: Reporting cash flows from operations LO P
Arundel Company disclosed the following information for its recent calendar year.
Income Statement Data Selected YearEnd Balance Sheet Data
Revenues $ Accounts receivable decrease $
Expenses: Purchased a machine for cash
Salaries expense Salaries payable increase
Utilities expense Interest payable decrease
Depreciation expense
Interest expense
Net loss $
Prepare the operating activities section of the statement of cash flows using the indirect method.
Note: Amounts to be deducted should be indicated with a minus sign.
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