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The income statement of Monty Company is shown below. Additional information: 1. Accounts recelvable decreased 5280.000 during the year. 2. Prepaid expenses increased $160,000 during
The income statement of Monty Company is shown below. Additional information: 1. Accounts recelvable decreased 5280.000 during the year. 2. Prepaid expenses increased $160,000 during the year. 3. Accounts payable to suppliers of merchandise decreased $250.000 during the year, 4. Accrued oxpenses payable decreased $110,000 during the year 5. Administrative expenses include depreciation erpense of 560.000. Prepare the operating activities section of the statement of cash flows for the year ended December 31, 2020, for Monty Company, using the indirect method. (5how amounts that decrease cash flow with either a - siga e.g. 15,000 or in parenthesis e.g. (15,000).1
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