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Walt Disney Company provided the following financial data for the year 2023: Item Amount Net Income $3,000,000 Depreciation Expense $550,000 Increase in Accounts Receivable $350,000
Walt Disney Company provided the following financial data for the year 2023:
Item | Amount |
Net Income | $3,000,000 |
Depreciation Expense | $550,000 |
Increase in Accounts Receivable | $350,000 |
Decrease in Inventory | $260,000 |
Increase in Accounts Payable | $260,000 |
Dividends Paid | $460,000 |
Prepare the cash flow statement using the indirect method for Walt Disney Company for the year ending December 31, 2023.
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