Chapter 12 Homework i Salud Company reports the following information. Use the indirect method to...
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Accounting
Chapter 12 Homework i Salud Company reports the following information. Use the indirect method to prepare only the operating activities section of its statement of cash flows for the year ended December 31. (Amounts to be deducted should be indicated with a minus sign.) points Selected Annual Income Statement Data Net income $420,000 Depreciation expense 84,000 Gain on sale of machinery 23,000 Selected Year-End Balance Sheet Data Accounts receivable increase $45,600 Prepaid expenses decrease 15,909 Accounts payable increase 6,400 Wages payable decrease 3,700 eBook Cash flows from operating activities Hint Adjustments to reconcile net income to operating cash flow Income statement items not affecting cash Print References Changes in current operating assets and liabilities
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