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Grantham Company reported the following data for 20XX Accounts Receivable Increase $105,000 Accounts Payable Increase $10,000 Depreciation Expense $18,000 Taxes Payable Decrease $3,000 Inventory Increase
Grantham Company reported the following data for 20XX
Accounts Receivable Increase
$105,000
Accounts Payable Increase
$10,000
Depreciation Expense
$18,000
Taxes Payable Decrease
$3,000
Inventory Increase
$2,000
Sold Equipment
$50,000
Prepaid Expense Decrease
$5,000
Loss on Sale of Equipment
$12,000
Net Income
$575,000
Cash Dividends Paid
$60,000
Instructions
Using the applicable data from above, net cash flows from operating activities under the indirect method is [x].
Grantham Company reported the following data for 20XX
Accounts Receivable Increase | $105,000 | Accounts Payable Increase | $10,000 |
Depreciation Expense | $18,000 | Taxes Payable Decrease | $3,000 |
Inventory Increase | $2,000 | Sold Equipment | $50,000 |
Prepaid Expense Decrease | $5,000 | Loss on Sale of Equipment | $12,000 |
Net Income | $575,000 | Cash Dividends Paid | $60,000 |
Instructions
Using the applicable data from above, net cash flows from operating activities under the indirect method is [x].
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