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questions in the photo Brief Exercise 11-31 (Algorithmic) Determining Net Cash Flow from Operating Activities Burch Company reported the following items in its statement of

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Brief Exercise 11-31 (Algorithmic) Determining Net Cash Flow from Operating Activities Burch Company reported the following items in its statement of financial position and statement of earnings information: decrease in cash account, $21,000; increase in accounts receivable, $4,000; decrease in inventory, $16,000; increase in accounts payable, $10,000; increase in income taxes payable, $8,000; net income, $56,000; depreciation expense, $13,000. Required: Compute the net cash flows from operating activities using the indirect method.Brief Exercise 11-29 Classification of Cash Flows Foster Company reported the following items in its statement of cash flows presented using the indirect method. Required: Indicate whether each item should be classified as a cash flow from operating activities, a cash flow from investing activities, or a cash flow from financing activities. a. Interest paid on long-term note payable b. Proceeds from sale of building Operating c. Increase in accounts payable Investing d. Increase in retained earnings Financing e. Cash dividend paid to shareholders f. Taxes paid to the federal government

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