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Wonders of Wild Life reports net income of $95,000. The accounting records reveal Depreciation Expense of $50,000 as well as increases in Prepaid Rent, Accounts
Wonders of Wild Life reports net income of $95,000. The accounting records reveal Depreciation Expense of $50,000 as well as increases in Prepaid Rent, Accounts Payable, and Income Tax Payable of $40,000, $23,000, and $20,000, respectively. Prepare the operating activities section of Wonders of Wild Life Cash Flow Statement using the indirect method.: ENTER SUBTRACTED AMOUNTS WITH A NEGATIVE SIGN (-) Depreciation Expense Increase in Prepaid Rent Increase in Accounts Payable Increase Income Tax Payable Total Operating Cash Flow
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