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Hoogendoorn and Associates provides consulting services in Amsterdam. In 2 0 X 0 , net income was 2 3 0 , 0 0 0 on
Hoogendoorn and Associates provides consulting services in Amsterdam. In X net
income was on revenues of and expenses of stands for euro,
the European currency The only noncash expense was depreciation of The company
has no inventory. Accounts receivable increased by during and accounts payable
and salaries payable were unchanged.
i Use the direct method to prepare a statement of cash flows from operating
activities. Omit supporting schedules.
ii Use the indirect method to prepare a statement of cash flows from operating
activities. Omit supporting schedules.
Instructions: Please make sure your solutions are easily legible and that they clearly
communicate the methods you used to arrive at your final answer
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