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Kennedy, Inc. reported the following data: Net income Depreciation expense Loss on disposal of equipment Increase in accounts receivable Decrease in accounts payable $118,000 15,000
Kennedy, Inc. reported the following data: Net income Depreciation expense Loss on disposal of equipment Increase in accounts receivable Decrease in accounts payable $118,000 15,000 10,000 7,000 (2,000) Prepare the cash flows for operating activities under the indirect method as it would appear ont statement of cash flows. Not Income
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