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Prepare a statement of cash flows for GHI Corporation using the indirect method. Use the following information: Net income: $150,000 Depreciation expense: $30,000 Increase in
Prepare a statement of cash flows for GHI Corporation using the indirect method. Use the following information:
- Net income: $150,000
- Depreciation expense: $30,000
- Increase in accounts receivable: $20,000
- Decrease in inventory: $10,000
- Increase in accounts payable: $15,000
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Accounting Information Systems
Authors: Marshall B. Romney, Paul J. Steinbart
12th edition
132552620, 978-0132552622
