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please explain as well having a hard time understanding this one 19. Cash Flows from Operating Activities (indirect) (8.5 points) The following information is from
please explain as well having a hard time understanding this one
19. Cash Flows from Operating Activities (indirect) (8.5 points) The following information is from Cruz Corporation's comparative balance sheet and income statements: Net Income was $30,000 Depreciation expense was $37,600 Accounts receivable decreased $10,000 Inventory decreased $10,000 Prepaid expenses increased $1.200 Accounts payable decreased $6,000 Wages payable decreased $4,000 Income taxes payable decreased $1.200 Compute the cash flows from Operating Activities section of the statement of cash flows for Cruz using the indirect method Step by Step Solution
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