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McDonald's Corporation provided the following financial data for the year 2023: Item Amount Net Income $5,000,000 Depreciation Expense $900,000 Increase in Accounts Receivable $500,000 Decrease
McDonald's Corporation provided the following financial data for the year 2023:
Item | Amount |
Net Income | $5,000,000 |
Depreciation Expense | $900,000 |
Increase in Accounts Receivable | $500,000 |
Decrease in Inventory | $450,000 |
Increase in Accounts Payable | $400,000 |
Dividends Paid | $800,000 |
Prepare the cash flow statement using the indirect method for McDonald's Corporation for the year ending December 31, 2023.
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