Crane company reported net income of $172,780 for 2017. crane company also reported depreciation expense of $33,750 and a loss of $5,470 on the disposal of plant assets. the comparative balance sheets show an increase in accounts receivable of $14,400 for the year, a $15,400 increase in accounts payable, and a $3,680 increase in prepaid expenses. prepare the operating activities section of the statement of cash flows for 2017. use the indirect method.

This problem has been solved! see the answerwhich of the following statements is correct? the consumer price index is a measure of the overall level of prices, whereas the gdp deflator is not a measure of the overall level of prices. if, in the year 2011, the consumer price index has a value of 123.50, then the inflation rate for 2011 must be 23.50 percent. compared to the gdp deflator, the consumer price index is the more common gauge of inflation. the consumer price index and the gdp deflator reflect the goods and services bought by consumers equally well.