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Question 16.4: Cash Flows from Operating Activities—Indirect Method Omicron...

Cash Flows from Operating Activities—Indirect Method

Omicron Inc. reported the following data:

Net income                                         $120,000
Depreciation expense                           12,000
Loss on disposal of equipment          15,000
Increase in accounts receivable           5,000
Decrease in accounts payable              2,000

Prepare the Cash flows from operating activities section of the statement of cash flows, using the indirect method.

 

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