XYZ corporation repairs its statement of cash flows using the indirect method to report operating...
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Accounting
XYZ corporation repairs its statement of cash flows using the indirect method to report operating activities net income for the fiscal year was depreciation and amortization expense of was included with operating expenses in the income statement the following information describes the changes in current acids and liabilities other than cash increase in a account receivable purchase of equipment increase in inventory paid cash dividends to shareholders bonds payable decrease in prepaid expenses increase in salaries payable issued common stock decrease in income tax payable prepare the operating activity section of the statement of cash flows
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