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The following information was obtained from company XYZ's comparative balance sheets. Assume company XYZ's 2020 income statement showed depreciation expense of $9,000, a gain on
The following information was obtained from company XYZ's comparative balance sheets. Assume company XYZ's 2020 income statement showed depreciation expense of $9,000, a gain on sale of investments of $11,000, and a net income of $40,000. Calculate the net cash flow from operating activities using the indirect method.
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