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eBook Show Me How Cash Flows from Operating Activities-Indirect Method The net...

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Cash Flows from Operating Activities-Indirect Method
The net income reported on the income statement for the current year was $149,900. Depreciation recorded on store equipment for the year amounted to $24,700. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows:
\table[[Cash,End of Year,Beginning of Year],[Accounts receivable (net),$59,210,$54,470
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