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Exercise 16-4 (Static) Indirect: Cash flows from operating activities LO P2 The following income statement and additional year-end information is provided. Accounts receivable $30,500 increase

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Exercise 16-4 (Static) Indirect: Cash flows from operating activities LO P2 The following income statement and additional year-end information is provided. Accounts receivable $30,500 increase Accounts payable Inventory 25,000 increase Salaries payable Inventory Note: Amounts to be deducted should be indicated with a minus sign

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