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Presented below is the operating activities section of a statement of cash flows for 2014: Operating activities: Net income $120,000 Add: Depreciation 10,000 Decrease in
Presented below is the operating activities section of a statement of cash flows for 2014:
Operating activities: | |
Net income | $120,000 |
Add: | |
Depreciation | 10,000 |
Decrease in accounts receivable | 5,000 |
$135,000 | |
Deduct: | |
Decrease in accounts payable | 15,000 |
Net cash inflow from operating activities | $120,000 |
Which method of preparing the operating activities section was used?
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