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Grayson Company had net income of $185,000 in 2021. Depreciation expense for the year is $45,000. During the year, Accounts Receivable increased $9,000 and Prepaid
Grayson Company had net income of $185,000 in 2021. Depreciation expense for the year is $45,000. During the year, Accounts Receivable increased $9,000 and Prepaid Expenses decreased $2,000. The company also sold equipment at a loss of $3,500. Instructions Calculate net cash flows from operating activities using the indirect method
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