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Fitz Company reports the following information. Use the indirect method to prepare only the operating activities section of its statement of cash flows for the
Fitz Company reports the following information. Use the indirect method to prepare only the operating activities section of its statement of cash flows for the year ended December 31. (Amounts to be deducted should be indicated with a minus sign.) Selected Annual Income Statement Selected Year-End Balance Sheet Data Data Net income Depreciation expense Amortization expense Gain on sale of plant $388,000 Accounts receivable decrease 46,600 Inventory decrease 7,300 Prepaid expenses increase $168,700 49,000 s,900 7,400 Accounts payable decrease 8,300 es assets Salaries payable increase 1,s00 Prev 3 of 7 Next 11:13 A d 60/2 ere to search
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