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The accounting records of Harrison Company provided the data below. Net loss $12,000 Depreciation expense 14,000 Increase in salaries payable 3,000 Decrease in accounts receivable
The accounting records of Harrison Company provided the data below. |
Net loss | $12,000 |
Depreciation expense | 14,000 |
Increase in salaries payable | 3,000 |
Decrease in accounts receivable | 6,000 |
Increase in inventory | 6,800 |
Amortization of patent | 900 |
Decrease in discount on bonds | 700 |
Required:
Prepare a reconciliation of net income to net cash flows from operating activities |
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