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The following Income statement and additional year-end Information is provided. AccountsrecelvadeInventory$30,56025,000increaseSalariespayableincreaseAccountspayadle3,500decrease$12,500decrease Prepare the operating activities section of the statement of cash flows using the direct
The following Income statement and additional year-end Information is provided. AccountsrecelvadeInventory$30,56025,000increaseSalariespayableincreaseAccountspayadle3,500decrease$12,500decrease Prepare the operating activities section of the statement of cash flows using the direct method. (Amounts to be deducted should be Indicated with a minus sign.)
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