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Question 2 Wildhorse Co. reported net income of $ 176.240 for 2017. Wildhorse Co. also reported depreciation expense of $ 34.330 an loss of $
Question 2 Wildhorse Co. reported net income of $ 176.240 for 2017. Wildhorse Co. also reported depreciation expense of $ 34.330 an loss of $ 4,840 on the disposal of plant assets. The comparative balance sheets show an increase in accounts receivable of $ 13,520 for the year, a $ 16,200 increase in accounts payable, and a $3,990 increase in prepaid expenses. Prepare the operating activities section of the statement of cash flows for 2017. Use the indirect method. (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis e.s.(15,000))
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