Alfonza Incorporated presents its statement of cash flows using the indirect method. The following accounts...
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Accounting
Alfonza Incorporated presents its statement of cash flows using the indirect method. The following accounts and corresponding balances were drawn from the company's Year 2 and Year 1 year-end balance sheets: The Year 2 income statement showed net income of $31,600. Required a. Plepare the operating activities section of the statement of cash flows. (Amounts to be deducted should be indicated with a minus sign.)
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