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Using the indirect method, calculate the amount of net cash flows from operating activities from the following data. ABC Company, year ended November 30, 2014.
Using the indirect method, calculate the amount of net cash flows from operating activities from the following data. ABC Company, year ended November 30, 2014. Use proper form. Show your work. (10 Points) Net Income $112,000 Beginning Accounts $ 6,000 Payable Beginning Accounts Ending Accounts Payable 5,600 Receivable 10,000 Depreciation Expense 20,400 Ending Accounts 8,800 Amortization of Intangible Receivable Beginning Prepaid Expenses 2,000 Assets 1,600 Ending Prepaid Expenses 2,800 Dividends Declared and 4,400 Paid
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