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Jacinta's Solar Co. provide solar power equipment. They use the indirect method for its statement of cash flows. The general format of the operating section
Jacinta's Solar Co. provide solar power equipment. They use the indirect method for its statement of cash flows. The general format of the operating section is as follows:
Net Income | XXXX |
+(-) adjustments | xx |
Cash from operations | XXX |
determine the correct sign for each of the adjustments as it would be shown on the indirect method statement of cash flows (parentheses indicate negative):
A $1000 increase in accounts receivable
An $800 decrease in accounts payable
Depreciation expense of $900
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