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Presented below is the income statement of Lisa, Inc.: In addition, the following information related to net changes in working capital is presented: The company
Presented below is the income statement of Lisa, 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 $3,000. Prepare a schedule computing the net cash flow from operating activities by using the indirect method that would be shown on a statement of cash flows. (Show amounts that decrease cash flow with either a- sign e.g. 10,000 or in parenthesis e.g. (10,000).) (b) The parts of this question must be completed in order. This part will be available when you complete the part above
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