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Presented below is the income statement of Jones, Inc.: In addition, the following information related to net changes in working capital is presented: The company
Presented below is the income statement of Jones, Inc.: In addition, the following information related to net changes in working capital is presented: The company also indicates that depreciation expense for the year was $16, 700 and that the deferred tax liability account increased $2, 600. Prepare a schedule computing the net cash flow from operating activities that would be shown on a statement of cash flows: using the indirect method. using the direct method
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