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Business, 17.06.2020 16:57 Dweath50

Staley Inc. reported the following data: Net income $491,800
Depreciation expense 76,700
Loss on disposal of equipment 22,700
Increase in accounts receivable 11,000
Increase in accounts payable 12,400

Required:
Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method.

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Answers: 2

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Staley Inc. reported the following data: Net income $491,800
Depreciation expense 76,700
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