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QS 12-4 (Algo) Indirect: Computing cash flows from operations LO P2 Cain Incorporated reports net income of $18,000. Its comparative balance sheet shows the following

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QS 12-4 (Algo) Indirect: Computing cash flows from operations LO P2 Cain Incorporated reports net income of $18,000. Its comparative balance sheet shows the following changes: accounts receivable increased $9,000; inventory decreased $11,000; prepaid insurance decreased $4,000; accounts payable increased $6,000; and taxes payable decreased $5,000. Compute cash flows from operations using the indirect method. Note: Amounts to be deducted should be indicated by a minus sign

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