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Use the following information from the company's financial statements to determine operating net cash flows (indirect method). Net Income $285,000 Depreciation expense $12,000 Loss on
Use the following information from the company's financial statements to determine operating net cash flows (indirect method).
Net Income $285,000
Depreciation expense $12,000
Loss on sale of land $5,500
Decrease in accounts receivable $1,400
Decrease in accounts payable $1,400
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