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Net income of Trout Company was $40,000. The accounting records reveal depreciation expense of $75,000 as weil as Increases in prepaid rent, salaries payable, and
Net income of Trout Company was $40,000. The accounting records reveal depreciation expense of $75,000 as weil as Increases in prepaid rent, salaries payable, and income taxes payable of $55,000, $18,000, and $15,000, respectively.
Prepare the cash flows from operating activities section of Trout's statement of cash flows using the indirect method.
Note: Amounts to be deducted should be indicated with a minus sign.
Net income of Trout Company was $40,000. The accounting records reveal depreciation expense of $75,000 as well as increases in prepald rent, salarles payable, and income taver payable of $55,000,$18,000 and $15,000 respectively Prepare the cash flows from operating activities section of Trout's statement of cash flows using the indirect method. Note: Amounts to be deducted should be indicated with a minus sign
Net income of Trout Company was $40,000. The accounting records reveal depreciation expense of $75,000 as weil as Increases in prepaid rent, salaries payable, and income taxes payable of $55,000, $18,000, and $15,000, respectively.
Prepare the cash flows from operating activities section of Trout's statement of cash flows using the indirect method.
Note: Amounts to be deducted should be indicated with a minus sign.
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