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Vaughn Company reported net income of $192,400 for 2022. Vaughn also reported depreciation expense of $40,600 and a loss of $5,700 on the disposal
Vaughn Company reported net income of $192,400 for 2022. Vaughn also reported depreciation expense of $40,600 and a loss of $5,700 on the disposal of plant assets. The comparative balance sheets show an increase in accounts receivable of $17,000 for the year, a $19,000 increase in accounts payable, and a $4,200 increase in prepaid expenses. Prepare the operating activities section of the statement of cash flows for 2022. Use the indirect method. (Show amounts that decrease cash flow with either a sign e.g. -15,000 or in parenthesis e.g. (15,000).) VAUGHN COMPANY Partial Statement of Cash Flows For the Year Ended December 31, 2022 : Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Loss on Disposal of Plant Assets 1 Increase in Accounts Receivable : Increase in Accounts Payable tommin VAUGHN COMPANY Partial Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Loss on Disposal of Plant Assets Increase in Accounts Receivable Increase in Accounts Payable : Increase in Prepaid Expenses Net Cash Provided by Operating Activities : 10/23/23 mo $
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