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ry/courses/3458/quizzes/3256 0/2 pts Incorrect Question 3 Cemptex Corporation prepares its statement of cash flows using the indirect method to report operating activities. Net income for

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ry/courses/3458/quizzes/3256 0/2 pts Incorrect Question 3 Cemptex Corporation prepares its statement of cash flows using the indirect method to report operating activities. Net income for the 2021 fiscal year was $624,000. Depreciation and amortization expense of $87,000 was included with operating expenses in the income statement. The following information describes the changes in current assets and liabilities other than cashe Decrease in accounts receivable $ 22,000 9.200 Increase in inventory Increase in prepaid expenses 8,500 Increase in salaries payable 10,000 Decrease in income taxes payable 14,000 Required: Calculate net cash flows from operating activities using indirect method (Amounts to be deducted should be indicated with a minus sign.) Net cash flows from operating activities

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